THE BEST INVESTMENT IN TOWN
Situated in the heart of the main street of this rapid growth precinct, with long leases to Telstra and Australia Post, this is definitely a ‘blue chip’ investment. Current gross rental income is $36,998 per annum with CPI rent increases due in March 2007 for Telstra and May 2007 for Australia Post. The 1940s building was renovated in 2003 and is in excellent condition. Telstra lease 365 square metres at the rear of the property for the district's telephone exchange, whilst Australia Post occupies the balance. Australia Post has a 3x3 year lease commencing May 2006, whilst Telstra has a 5+5 year lease renewed from March 1st 2007. Please call or email for full details.
The size of Canungra is approximately 29.8 square kilometres. It has 6 parks covering nearly 0.8% of total area. The population of Canungra in 2011 was 1,146 people. By 2016 the population was 1,240 showing a population growth of 8.2% in the area during that time. The predominant age group in Canungra is 10-19 years. Households in Canungra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Canungra work in a trades occupation. In 2011, 72% of the homes in Canungra were owner-occupied compared with 72.4% in 2016.
Canungra has 793 properties. Over the last 5 years, Houses in Canungra have seen a 87.67% increase in median value, while Units have seen a 84.42% increase. As at 31 October 2024:
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