For Sale by Auction on Wednesday 15 November at 11am via online portal Realtair
Located in the heart of Boolaroo's thriving industrial precinct, 7 Edge Street presents a unique investment opportunity with a lease offering a solid five-year term, complemented by an additional five-year option, ensuring consistent returns of $70,000 net per annum + GST. The property combines functionality with versatility, featuring 368 sqm of warehouse space and 85 sqm of premium showroom and office facilities. Its substantial land area of 6,812 sqm provides room for expansion and redevelopment, with the convenience of 10 dedicated car spaces further enhances its practicality. Zoned as E4 General Industrial, this property caters to a range of industrial uses, making it an attractive prospect for businesses seeking long-term stability and growth potential.
Key Features:
*Approximately
The size of Boolaroo is approximately 2.7 square kilometres. It has 5 parks covering nearly 3.6% of total area. The population of Boolaroo in 2011 was 933 people. By 2016 the population was 1,042 showing a population growth of 11.7% in the area during that time. The predominant age group in Boolaroo is 50-59 years. Households in Boolaroo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Boolaroo work in a trades occupation. In 2011, 68.9% of the homes in Boolaroo were owner-occupied compared with 67.8% in 2016.
Boolaroo has 1,438 properties.
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