Brand new 12 year lease to 7-Eleven to 2032 plus options to 2052.
Guaranteed rental growth with annual, fixed, compounding 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and approximately 38% market share.
The size of Melba is approximately 2.3 square kilometres. It has 16 parks covering nearly 26.2% of total area. The population of Melba in 2011 was 3,200 people. By 2016 the population was 3,147 showing a population decline of 1.7% in the area during that time. The predominant age group in Melba is 0-9 years. Households in Melba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melba work in a professional occupation. In 2011, 77% of the homes in Melba were owner-occupied compared with 76% in 2016.
Melba has 1,326 properties. Over the last 5 years, Houses in Melba have seen a 42.60% increase in median value, while Units have seen a 63.12% increase. As at 31 October 2024:
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