Stanley & Martin is pleased to offer 318 Urana Road, Lavington, to the market with three quality, commercial tenants in lease, the property is returning a total of $116,582* pa net plus outgoings.
Flowing over 2 levels, the ground floor is leased to long term tenant Personnel Group, with Suite 1 on the first floor leased to Australian Red Cross (CPI increase effective 1 July 2023) and Suites 2 & 3 first floor leased to Coxtech.
Each suite is carpeted and includes a kitchenette, staff amenities, air conditioning and grid ceiling tiles.
Located in the commercial core of Lavington, the property is in close proximity to major arterial roads, shopping centres, food services and businesses.
Property highlights:
- Returning $116,582* pa net plus Outgoings
- Three income streams
- Total building area: 858m2*
- Lift, internal stairwell and on-site parking
- Land holding of 575m2*
*Denotes approximate.
The size of Lavington is approximately 14.8 square kilometres. It has 11 parks covering nearly 3.2% of total area. The population of Lavington in 2011 was 12,031 people. By 2016 the population was 12,493 showing a population growth of 3.8% in the area during that time. The predominant age group in Lavington is 20-29 years. Households in Lavington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lavington work in a trades occupation. In 2011, 60.8% of the homes in Lavington were owner-occupied compared with 58.1% in 2016.
Lavington has 7,822 properties. Over the last 5 years, Houses in Lavington have seen a 79.96% increase in median value, while Units have seen a 79.30% increase. As at 31 October 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.