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161 Balo Street, Moree NSW 2400

$900,000

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$900k - $950k High Confidence Calculated based on strong search observations.

Commercial 1 Bed 889 m²

Listed: 4 days ago

Updated: yesterday

Overview

Located in the heart of Moree's central business district, this commercial investment offers a commanding landholding of approximately 889 square meters. The substantial single-level freestanding building, dating from the 1930s and constructed of brick, presents a rare opportunity for investors seeking entry-level access to a high-profile, affordable property with a solid yield nearing 9%.

The property benefits significantly from its valued main street presence, complemented by rear lane access, enhancing its functional versatility. Well-positioned amidst prominent national brands such as Supercheap Auto, Woolworths, Subway, Westpac Bank, and Harvey Norman, the location underscores its commercial appeal.

The layout includes a center walkway with multiple tenancies on either side, enabling diversified rental income streams and a strong historical occupancy rate. The anchor tenant is Parliament NSW, contributing to a net annual income of $78,641 plus GST, affirming the asset's income-producing credentials in a region recognized as a leading agricultural hub and a burgeoning economic centre in northern New South Wales.

This property especially suits investors seeking a stable, well-located commercial asset with potential for varied tenancy arrangements in a growth-oriented regional market.

Local Market Insights

In New England And North West, Quiet Listings observed 4 new commercial properties entering the market over the last 30 days, down from 21 during the previous 30-day period, with an average advertised asking price of $1,650,000. The property type mix of listed properties is predominantly Houses at 82%, followed by land (6%), and units (4%). The most active agency for commercial properties in the New England And North West area is currently MRE, representing 25% of new listings, followed by Dougherty Property with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.