FOR SALE
Auction 10th December, 6pm @ Cronulla RSL

7 Kiama Street
Miranda NSW 2228

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 950m2
Land area: 1347m2
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Auction Time
Tue 10 Dec 6:00 pm
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No upcoming inspections scheduled.
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SECURE FREEHOLD FACTORY

RWC Greater Sydney South is proud to present a rare opportunity to acquire a unique, freehold property located at 7 Kiama Street, Miranda. Offered for the first time in almost 40 years, this asset will be available to purchase via Auction on Tuesday, 10th December 2024.
The property comprises a total land size of 1,347m²* which is fully fenced and secured by remote sliding gates offering significant hardstand and parking with building improvements comprising a generous building area of 950m²*. Featuring a large clear span factory floor with good internal clearance accompanied with generous first floor office space and ground floor kitchen & bathroom amenities. The property is well-suited for various applications, including but not limited to manufacturing and workshops.
The property is currently tenanted until Jan 2026 by P&R Liftcars which are a subsidiary of the internationally owned Dewhurst who are industry leaders in specialist lift components and work with most major brands. The current rent sits below marked at $217,987.51 + GST with the tenant paying a portion of the outgoings. This is great secure income which allows ample time for you to discuss a new longer term lease or to set up your new business HQ.
Key features to highlight include:
• Secure freehold factory on significant land holding (1,347m²*)
• Solid 950m²* building with ground & first floor amenities
• 10* car spaces with additional hardstand for loading/unloading
• Electric sliding gate entry with fully fenced hardstand
• Significant secure income with lease expiry Jan 2026
The property is offered for sale via Auction on Tuesday 10th December 2024 at 6:00pm (AEST). The Auction will be held at Cronulla RSL, 38 Gerrale Street, Cronulla NSW 2230.
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Property Details for 7 Kiama St, Miranda

Building Type
Commercial
Floor Size
950m2
Land Size
1347m2

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About Miranda 2228

The size of Miranda is approximately 4.8 square kilometres. It has 20 parks covering nearly 6.9% of total area. The population of Miranda in 2011 was 14,435 people. By 2016 the population was 15,272 showing a population growth of 5.8% in the area during that time. The predominant age group in Miranda is 30-39 years. Households in Miranda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Miranda work in a professional occupation. In 2011, 64.2% of the homes in Miranda were owner-occupied compared with 63.5% in 2016.

Miranda has 9,886 properties. Over the last 5 years, Houses in Miranda have seen a 41.77% increase in median value, while Units have seen a 30.58% increase. As at 31 October 2024:

  • The median value for Houses in Miranda is $1,720,183 while the median value for Units is $856,081.
  • Houses have a median rent of $895 while Units have a median rent of $690.
There are currently 26 properties listed for sale, and 32 properties listed for rent in Miranda on OnTheHouse. According to CoreLogic's data, 500 properties were sold in the past 12 months in Miranda.

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