Located on Keen Street in the heart of Lismore's CBD, this building is well maintained and tenanted by a quality, established business. The current lease term ends 4/6/2022 plus 2 x 5 year options. The current net rent is $64,890 + GST per year
The property consists of a large ground floor retail space with 10 meters of full glass street frontage as well as a large 2 storey goods delivery, office and storeroom areas at the rear giving a total building area of 539sqm. The property also has on site parking for 5 cars with rear lane access, is air-conditioned throughout, and features an 80 panel solar array.
This property provides the ideal investment for the property portfolio.
The size of Lismore is approximately 3.9 square kilometres. It has 17 parks covering nearly 17.1% of total area. The population of Lismore in 2011 was 3,799 people. By 2016 the population was 3,576 showing a population decline of 5.9% in the area during that time. The predominant age group in Lismore is 50-59 years. Households in Lismore are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Lismore work in a professional occupation. In 2011, 48.9% of the homes in Lismore were owner-occupied compared with 49.2% in 2016.
Lismore has 2,759 properties. Over the last 5 years, Houses in Lismore have seen a 23.94% increase in median value, while Units have seen a 47.29% increase. As at 31 July 2024:
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