302-308 Spence Street is located approximately 900 metres from the Southern Arterial Road (Comport Street). The site is 4,702 sqm with an outstanding site coverage of less than 25%.
The property has been improved with a purpose built cold storage warehouse and office facility of approximately 873 sqm with further improvements (plant, generator shed, awnings) of 49 sqm. The steel portal structure which has a high a clearance roof lends itself to conversion for other uses if required.
The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.
Bungalow has 1,948 properties. Over the last 5 years, Houses in Bungalow have seen a 55.86% increase in median value, while Units have seen a 51.99% increase. As at 31 October 2024:
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