JLL and Raine and Horne are proud to present an exceptional investment opportunity in the heart of Murray Bridge. The building was extensively refurbished in 2020 and boasts modern accommodation, including secure car parking and is occupied by a number of key tenants providing essential services for the region with the majority of the building occupied by government and medical tenants. The property has an attractive weighted average lease expiry (WALE) of 2.94 years (by income) and the expansive 5,331 square meter land holding on the corner of Sturt Reserve Road and Joseph Street further underpins the value of this investment. With no stamp duty payable on commercial transactions in South Australia, this property is a not-to-be-missed opportunity for investors. The property is offered for sale by Expression of Interest, closing on Tuesday 17 September 2024 at 4pm (ACST). For more information or to arrange an inspection, please contact the exclusive selling agents at JLL and Raine and Horne.We highlight the key features below: Passing net income of $607,241* pa Modern, high quality extensively refurbished building circa 2010 Murray Bridge is poised to become SAs largest regional city with $7.6 billion, mixed use development proposed at Gifford Hill Income under pinned by strong Government and Medical Occupiers Attractive WALE of 2.94 years (by income) with a strong tenant profile No stamp duty payable on commercial transactions in SA 5.5 NABERS The property is offered for sale by Expression of Interest closing 17 September 2024 at 4pm (ACST)For more information or to arrange an inspection, please contact exclusive selling agents at JLL and Raine and Horne.JLL RLA 1842Raine and Horne RLA 145239
The size of Murray Bridge is approximately 25.4 square kilometres. It has 54 parks covering nearly 8.6% of total area. The population of Murray Bridge in 2011 was 13,891 people. By 2016 the population was 14,563 showing a population growth of 4.8% in the area during that time. The predominant age group in Murray Bridge is 20-29 years. Households in Murray Bridge are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Murray Bridge work in a labourer occupation. In 2011, 53.3% of the homes in Murray Bridge were owner-occupied compared with 52.5% in 2016.
Murray Bridge has 8,455 properties. Over the last 5 years, Houses in Murray Bridge have seen a 113.29% increase in median value, while Units have seen a 89.07% increase. As at 30 September 2024:
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