This E4: General Industrial property, servicing a successfully run Automotive Garage, offers an investor the opportunity to secure rare and limited commercial property in one of the regions fastest growing areas. With the current tenant operating as a subcontractor for the neighbouring auto business and guaranteed work, the owner is searching for a buyer looking to keep the current arrangement in place.
With generous height clearance, this huge 253sqm property is suitable for a vast range of vehicles and machinery, along with the capacity to store large quantities. Upstairs there is a store room space suitable to be converted into a office space if required and to the front of the property is a bathroom. Outdoors, there is ample space for parking, loading, and unloading.
With it's central location and proximity to the Medowie CBD, Raymond Terrace and the internationally expanding William Town Airport, this offering is perfectly primed for an investor seeking quality income, stability and capital growth. This opportunity will not last. Contact our experienced Sales Team for more information or to book your inspection 02 4984 9273.
The size of Medowie is approximately 42.8 square kilometres. It has 22 parks covering nearly 15.9% of total area. The population of Medowie in 2011 was 8,843 people. By 2016 the population was 9,581 showing a population growth of 8.3% in the area during that time. The predominant age group in Medowie is 0-9 years. Households in Medowie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Medowie work in a trades occupation. In 2011, 75.8% of the homes in Medowie were owner-occupied compared with 74.3% in 2016.
Medowie has 5,213 properties. Over the last 5 years, Houses in Medowie have seen a 65.70% increase in median value, while Units have seen a 50.92% increase. As at 31 October 2024:
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