498-500 Armidale RoadNemingha NSW 2340
Property Details for 498-500 Armidale Rd, Nemingha
Last Listing description (February 2022)
498 Armidale Rd has a long and successful tenant trading history for many decades with the current tenant Country Auctions business and previously the Hawkins & Lowe Engineering Group. The tightly held site has a 54 metre New England Highway frontage all placed on 3,687m2 of land with 582m2 of GLA building area zoned B4 Mixed Use. Rarely do properties of this size, flexibility and exposure become available
- High Exposure Site
- Current Nett Income $47,859 Plus GST Per annum
- Good balance of Office & Workshop Space
- Large 3,687m2 Land Site
- Building area of 341m2 plus 180m2 Covered concrete awning
Property History for 498-500 Armidale Rd, Nemingha, NSW 2340
- 25 Feb 2022Sold for $740,000
- 21 Jan 2022Listed for Sale $750,000
- 31 May 2004Sold for $275,000
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About Nemingha 2340
The size of Nemingha is approximately 32.6 square kilometres. The population of Nemingha in 2016 was 666 people. By 2021 the population was 705 showing a population growth of 5.9% in the area during that time. The predominant age group in Nemingha is 50-59 years. Households in Nemingha are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nemingha work in a trades occupation.In 2021, 79.40% of the homes in Nemingha were owner-occupied compared with 77.10% in 2016.
Nemingha has 445 properties. Over the last 5 years, Houses in Nemingha have seen a 58.49% increase in median value. As at 31 January 2026:
- The median value for Houses in Nemingha is $770,728 while the median value for Units is $330,672.
- Houses have a median rent of $395.
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