446 Banna AvenueGriffith NSW 2680
Property Details for 446 Banna Ave, Griffith
Last Listing description (July 2024)
This well-appointed retail/commercial property is an attractive option for first-time investors and an opportunity for accomplished investors looking to expand their current portfolio.
Three secured tenancies, two long-standing local business entering into brand new leases. Leases comprise outgoings and annual fixed increases, ensuring compounding rental growth.
Strategically located in the "Top Block" of Banna Avenue which is home to a wide range of business specializing in commence, eateries, fashion, hairdressers, and beauticians.
446 Banna Avenue presents as an attractive and proven investment, for further details and/or an inspection contact Frank Franco.
Property History for 446 Banna Ave, Griffith, NSW 2680
- 05 Jul 2024Sold for $725,000
- 09 May 2024Listed for Sale Sold
- 26 Feb 2024Sold
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About Griffith 2680
The size of Griffith is approximately 52 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2011 was 16,973 people. By 2016 the population was 18,198 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 0-9 years. Households in Griffith are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation. In 2011, 60.7% of the homes in Griffith were owner-occupied compared with 58.9% in 2016.
Griffith has 9,930 properties. Over the last 5 years, Houses in Griffith have seen a 74.08% increase in median value, while Units have seen a 80.40% increase. As at 31 October 2024:
- The median value for Houses in Griffith is $534,447 while the median value for Units is $362,987.
- Houses have a median rent of $490 while Units have a median rent of $400.
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