This could be exactly what you're looking for if you want a secure income and future subdivision potential or expansion possibilities. Set in the fast growing suburb of Wandandian with easy highway access the building is extremely well maintained and enjoys a secure tenant with a full one year remaining on their lease. The premises have their own toilet facilities, kitchen, large office/display area and expansive concreted parking area. To the rear of the building is a substantial plot that you could expand into or sub divide for future housing. The building could be split into two separate commercial units at the end of the lease period so increasing the income level substantially. With so much happening in Wandandian this could be a very good opportunity to grow your portfolio for very little cost. Please call David on 0429 631 880 to express your interest in this exciting opportunity. Freehold only for sale
The size of Wandandian is approximately 18.7 square kilometres. It has 3 parks covering nearly 18.3% of total area. The population of Wandandian in 2011 was 442 people. By 2016 the population was 338 showing a population decline of 23.5% in the area during that time. The predominant age group in Wandandian is 60-69 years. Households in Wandandian are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wandandian work in a trades occupation. In 2011, 84.9% of the homes in Wandandian were owner-occupied compared with 92.1% in 2016.
Wandandian has 206 properties. Over the last 5 years, Houses in Wandandian have seen a 78.41% increase in median value. As at 30 September 2024:
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