38A Prospect RoadGarden Suburb NSW 2289
Property Details for 38a Prospect Rd, Garden Suburb
Last Listing description (November 2021)
ARCHITECTURALLY DESIGNED CHILDCARE CENTRE WITH LONG TERM TENANT
This property is an investment opportunity as it is leased long term to a childcare operator. The current net return is approximately $47,400 and the lease runs until 2027 with further options to renew thereafter.
A custom built state of the art centre that is only (7) years old. An architecturally designed building that could also be used as a residence in years to come.
Register to bid: https://auctionnow.com.au/properties/78409
Property History for 38a Prospect Rd, Garden Suburb, NSW 2289
- 26 Oct 2023Sold for $1,455,000
- 23 Feb 2023Sold
- 09 Nov 2021Sold for $1,375,000
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0About Garden Suburb 2289
The size of Garden Suburb is approximately 1.7 square kilometres. It has 2 parks covering nearly 3% of total area. The population of Garden Suburb in 2011 was 1,927 people. By 2016 the population was 1,921 showing a population decline of 0.3% in the area during that time. The predominant age group in Garden Suburb is 10-19 years. Households in Garden Suburb are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Garden Suburb work in a professional occupation. In 2011, 86.7% of the homes in Garden Suburb were owner-occupied compared with 88.5% in 2016.
Garden Suburb has 726 properties. Over the last 5 years, Houses in Garden Suburb have seen a 68.92% increase in median value, while Units have seen a 7.07% increase. As at 31 July 2024:
- The median value for Houses in Garden Suburb is $1,027,109 while the median value for Units is $630,245.
- Houses have a median rent of $635.
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