1/11 Mitchell StreetNorah Head NSW 2263
Property Details for 1/11 Mitchell St, Norah Head
Last Listing description (December 2022)
Tenanted Investment, Long Standing Business, Prime Beach Location!
AN OPPORTUNITY IS KNOCKING! Add this prime investment to your portfolio, in one of the most sought after beach locations on the Coast. This tenanted investment consists of a strong, well established tenant, with a large following from both locals and attendees from out of area.
This will be a set and forget style investment, with a long term tenancy in place over the next eight years, plus two 5 year options on top. The property covers approximately 264sqm of area consisting of a large pool area, storage/office space, toilet and shower amenities and an additional 6m dive pool. This investment is not one to be missed!
Tenancy information:
Current Net income - 39,647.40 net plus GST
Tenant pays 100% of all outgoings, including Council, Water and building insurance
Lease term Ten (10) years x Five (5) x Five (5) - Commencement Sept 2020
Long term established tenancy (Norah Head Water Fitness Centre and Swim School)
An Accredited Austswim and ASCTA Swim School
Key property features include:
Prime location - One of the Coast’s best sea side suburbs
Approximately 264sqm across 3 separate areas
Located within a busy local hub
Indoor pool approximately 12.5m x 4.5m with additional 6m deep dive pool
Toilet and shower amenities
Zoned B1 Neighbourhood Centre
Ample Parking at the front of the premises, with a designated parking at the rear
Disclaimer:
All information contained herewith, including but not limited to the general property description, price, and the address, is provided to LJ Hooker Commercial Central Coast by third parties. We have obtained this information from sources we believe to be reliable however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
Property History for 1/11 Mitchell St, Norah Head, NSW 2263
- 21 Dec 2022Listed for Sale Sold
- 28 Nov 2022Sold - Price Undisclosed
- 02 Aug 2022Listed for Sale UNDER OFFER
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About Norah Head 2263
The size of Norah Head is approximately 3.9 square kilometres. It has 9 parks covering nearly 45.1% of total area. The population of Norah Head in 2016 was 1129 people. By 2021 the population was 1149 showing a population growth of 1.8% in the area during that time. The predominant age group in Norah Head is 60-69 years. Households in Norah Head are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Norah Head work in a professional occupation.In 2021, 79.50% of the homes in Norah Head were owner-occupied compared with 78.30% in 2016.
Norah Head has 534 properties. Over the last 5 years, Houses in Norah Head have seen a 50.71% increase in median value, while Units have seen a 29.78% increase. As at 31 January 2026:
- The median value for Houses in Norah Head is $1,223,864 while the median value for Units is $772,582.
- Houses have a median rent of $670.
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