What a fantastic opportunity to acquire this blue-chip medical investment property in Ballina's CBD. This property boasts a brand-new 3-year lease with options extending to 2045, to long-term business Compounding Chemist. Modern 194m2 suite with an extensive tenant fit-out, this gem is in a boutique complex of 3, strategically positioned in Ballina's professional and medical hub - Tamar Street.
- Net Annual Rent: $76,298 + GST
Don't miss out on this exceptional, hassle-free investment opportunity to enhance your portfolio.
The size of Ballina is approximately 21.5 square kilometres. It has 21 parks covering nearly 29.4% of total area. The population of Ballina in 2011 was 7,874 people. By 2016 the population was 8,655 showing a population growth of 9.9% in the area during that time. The predominant age group in Ballina is 60-69 years. Households in Ballina are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ballina work in a trades occupation. In 2011, 49.4% of the homes in Ballina were owner-occupied compared with 51.3% in 2016.
Ballina has 6,853 properties. Over the last 5 years, Houses in Ballina have seen a 56.51% increase in median value, while Units have seen a 42.48% increase. As at 31 August 2024:
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