2 Chinner CrescentMelba ACT 2615
Property Details for 2 Chinner Cres, Melba
Last Listing description (February 2020)
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.
Prominent 1,967 sqm* site with large and secure rear yard.
Easy access and 54 metre* frontage to Kingsford Smith Drive, an important suburban arterial.
Busy convenience precinct, supported by IGA, liquor store, restaurants and local hall.
Booming Growing Belconnen region forecast population growth of 59% by 2058**.
Estimated net rent: $152,042 pa*.
To be sold at the Final 7-Eleven sale-and-leaseback portfolio auction at AuctionWorks, 50 Margaret Street, Sydney from 10.30am AEDT on Tuesday 25 February 2020.
17 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**Treasury ACT & ABS
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 2 Chinner Cres, Melba, ACT 2615
- 25 Jun 2024Sold for $2,750,000
- 25 Feb 2020Sold for $2,760,000
- 20 Jan 2020Listed for Sale Price on Request
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About Melba 2615
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 1,327 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:
- The median value for Houses in Melba is $875,226 while the median value for Units is $648,326.
- Houses have a median rent of $680 while Units have a median rent of $435.
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