64 Palmer StreetDubbo NSW 2830
Property Details for 64 Palmer St, Dubbo
Last Listing description (November 2024)
Standing proud in leafy South Dubbo on the corner of Palmer and High Streets is this wonderful opportunity to buy a multi-income earner. Here you will find a 3-bedroom weatherboard home that is currently occupied by a very popular caf The Harvest which is renowned for the place to celebrate all things delicious as well as a detached 1-bedroom self-contained, modern studio with carport. The 3-bedroom home is filled with loads of character and charm including high ceilings, polished timber floorboards, wide decorative cornices, sash windows, and an open fireplace. There is also a full commercial kitchen (excluding Tenants fixtures, fittings and equipment) as well as the original country kitchen and modern bathroom. Behind the home and accessible from High Street, is where you will discover a self-contained unit and detached studio with attached carport. The Caf is currently leased until 21 February 2026 at a gross rental of $560.00 per week exclusive of GST which is to be reviewed annually at CPI and includes a 3 year option to renew. The self-contained unit and detached studio is leased at $350.00 per week. If required, upon expiration or sooner determination of the caf, the home could easily be converted back into a residence. This property presents a great investment package and would be a wonderful addition to an investors portfolio or even first-time investors. So many options so why not contact Redden Family Real Estate for more information or to arrange your on-site tour.
Zoned R2 Low Density Residential
701m2 block of land
Great investment for astute investors
Character filled home including high ceilings, polished timber floorboards, decorative cornices and open fire place and spacious bedrooms
Home can be converted back to a residence upon expiration or sooner determination of caf lease
Caf currently leased until 21 February 2026 at a gross rental return $560.00 per week exclusive of GST ($29,120 p.a.) to be reviewed annually at CPI
Self-contained unit and studio is leased at $350.00 per week ($18,200 p.a.)
Located in sought after South Dubbo location within close proximity to RAFE base which consists of mixed use businesses, Schools, parklands, sporting ovals and Dubbos CBD
Council rates $2,962.13 p.a. approx.. plus trade waste, water and sewerage consumption charges
DISCLAIMER: The information and figures contained in this material is supplied by the vendor and is unverified. Potential buyers should take all steps necessary to satisfy themselves regarding the information contained herein.
Property History for 64 Palmer St, Dubbo, NSW 2830
- 01 Nov 2024Sold for $647,000
- 03 Jun 2024Listed for Sale Price Guide: $685,000-$705,000
- 21 May 2024Listed for Rent $350 / week
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0About Dubbo 2830
The size of Dubbo is approximately 998.7 square kilometres. It has 56 parks covering nearly 4.8% of total area. The population of Dubbo in 2016 was 38943 people. By 2021 the population was 43516 showing a population growth of 11.7% in the area during that time. The predominant age group in Dubbo is 0-9 years. Households in Dubbo are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dubbo work in a professional occupation.In 2021, 62.40% of the homes in Dubbo were owner-occupied compared with 63.20% in 2016.
Dubbo has 22,530 properties. Over the last 5 years, Houses in Dubbo have seen a 75.05% increase in median value, while Units have seen a 56.10% increase. As at 30 April 2026:
- The median value for Houses in Dubbo is $671,961 while the median value for Units is $398,378.
- Houses have a median rent of $560 while Units have a median rent of $400.
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