FOR SALE
$3,350,000

11 Lyell Street
Mittagong NSW 2575

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2015m2
Land area: 5400m2
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***UNDER OFFER***

Self-storage complex with 111 units and a warehouse
An excellent investment opportunity, this self-storage complex features 111 units of varying sizes, ranging from 4 to 16 square meters, as well as a spacious 169 square meter warehouse. The layout is designed for convenience, with roller door access to all the larger sized units and wide lanes between rows, making it easy for vehicles to manoeuvre. The smaller internal units are accessed through a passage door off a corridor.
Situated on a 5,400 square meter lot zoned E4 General Industrial, this property offers significant potential for both storage and industrial uses. With an impressive gross yield of over 9%, this complex generates a reliable and high rental return, making it a strong addition to any investment portfolio.
For more information or to arrange a private inspection, please contact Damien Ogilvy at 0423 548 147 or damien@highlandsproperty.com.au, or Kristy Curr at 0466 911 140 or kristyc@highlandsproperty.com.au.

Property Details for 11 Lyell St, Mittagong

Building Type
Commercial
Floor Size
2015m2
Land Size
5400m2

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About Mittagong 2575

The size of Mittagong is approximately 60.5 square kilometres. It has 12 parks covering nearly 20.4% of total area. The population of Mittagong in 2011 was 5,720 people. By 2016 the population was 5,756 showing a population growth of 0.6% in the area during that time. The predominant age group in Mittagong is 10-19 years. Households in Mittagong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mittagong work in a professional occupation. In 2011, 69.8% of the homes in Mittagong were owner-occupied compared with 69.3% in 2016.

Mittagong has 3,663 properties. Over the last 5 years, Houses in Mittagong have seen a 57.20% increase in median value, while Units have seen a -10.98% decrease. As at 30 September 2024:

  • The median value for Houses in Mittagong is $1,026,526 while the median value for Units is $677,408.
  • Houses have a median rent of $600 while Units have a median rent of $465.
There are currently 40 properties listed for sale, and 6 properties listed for rent in Mittagong on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Mittagong.

Suburb Insights for Mittagong 2575

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Damien Ogilvy
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Danielle Spence
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HIGHLANDS PROPERTY BOWRAL
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.