Strategically located in the prime industrial area of Pinelands, 50 Marjorie Street presents a versatile free standing asset on perfectly sized freehold site.
The property features a separate office and warehouse positioned on the secure stand-alone 2470m2 allotment. The 60m2 demountable offices positioned at the front of the property feature an accessible ramp leading to a series of separate offices and amenities.
The warehouse is a large clear span area with 3x industrial roller doors, ventilation louvres and additional mezzanine with secure storage cage below - total area approx 500m2.
The secure site features chain mesh fencing, bitumen hardstand and abundant off street parking.
The whole property is currently leased to Scope Building with current term expiring in September 2025.
The population of Pinelands in 2011 was 74 people. By 2016 the population was 15 showing a population decline of 79.7% in the area during that time. The predominant age group in Pinelands is 50-59 years. Households in Pinelands are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Pinelands work in a clerical occupation. In 2006, 20% of the homes in Pinelands were owner-occupied compared with 45.4% in 2011..
Pinelands has 17 properties. Over the last 5 years, Houses in Pinelands have seen a -4.07% decrease in median value, while Units have seen a 31.82% increase. As at 31 August 2024:
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