5/32 Gardens Hill CrescentThe Gardens NT 0820
Property Details for 5/32 Gardens Hill Cres, The Gardens
Last Listing description (September 2022)
This small industrial complex is located only minutes from the city. It provides an ideal affordable industrial investment in a great location.
Currently leased until February 2024 at $14,400pa + GST, with a rent review due in February 2023. This provides a gross yield of 6.4% on passing income.
A solid concrete block warehouse (117m2) it provides good clear span space, accessed by front roller door (2.8m wide x 3.0 m high). It has ceiling fans and fluorescent tube lighting.
It has a small office (10m2) and full bathroom amenity.
Good sealed on site car parking provided.
Property History for 5/32 Gardens Hill Cres, The Gardens, NT 0820
- 14 Oct 2022Sold for $254,650
- 05 Sep 2022Listed for Sale $225,000 Going Concern
- 12 Aug 2019Listed for Rent $12,000 / month
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About The Gardens 0820
The size of The Gardens is approximately 1.8 square kilometres. It has 5 parks covering nearly 51.3% of total area. The population of The Gardens in 2011 was 742 people. By 2016 the population was 718 showing a population decline of 3.2% in the area during that time. The predominant age group in The Gardens is 20-29 years. Households in The Gardens are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gardens work in a professional occupation. In 2011, 35.8% of the homes in The Gardens were owner-occupied compared with 33.2% in 2016..
The Gardens has 451 properties. Over the last 5 years, Houses in The Gardens have seen a 12.57% increase in median value, while Units have seen a 40.55% increase. As at 31 October 2024:
- The median value for Houses in The Gardens is $649,190 while the median value for Units is $442,756.
- Houses have a median rent of $560 while Units have a median rent of $575.
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