11 Lyell StreetMittagong NSW 2575
Property Details for 11 Lyell St, Mittagong
Last Listing description (November 2024)
An excellent investment opportunity, this self-storage complex features 111 units of varying sizes, ranging from 4 to 16 square meters, as well as a spacious 169 square meter warehouse. The layout is designed for convenience, with roller door access to all the larger sized units and wide lanes between rows, making it easy for vehicles to manoeuvre. The smaller internal units are accessed through a passage door off a corridor.
Situated on a 5,400 square meter lot zoned E4 General Industrial, this property offers significant potential for both storage and industrial uses. With an impressive gross yield of over 9%, this complex generates a reliable and high rental return, making it a strong addition to any investment portfolio.
For more information or to arrange a private inspection, please contact Damien Ogilvy at 0423 548 147 or damien@highlandsproperty.com.au, or Kristy Curr at 0466 911 140 or kristyc@highlandsproperty.com.au.
Property History for 11 Lyell St, Mittagong, NSW 2575
- 26 Nov 2024Sold
- 04 Nov 2024Sold for $3,450,000
- 25 Oct 2024Listed for Sale $3,350,000
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0About Mittagong 2575
The size of Mittagong is approximately 60.5 square kilometres. It has 12 parks covering nearly 20.4% of total area. The population of Mittagong in 2011 was 5,720 people. By 2016 the population was 5,756 showing a population growth of 0.6% in the area during that time. The predominant age group in Mittagong is 10-19 years. Households in Mittagong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mittagong work in a professional occupation. In 2011, 69.8% of the homes in Mittagong were owner-occupied compared with 69.3% in 2016.
Mittagong has 3,689 properties. Over the last 5 years, Houses in Mittagong have seen a 60.68% increase in median value, while Units have seen a 29.43% increase. As at 30 November 2024:
- The median value for Houses in Mittagong is $1,026,050 while the median value for Units is $717,872.
- Houses have a median rent of $620 while Units have a median rent of $488.
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