RWC Bayside is pleased to present 255 South Street, Cleveland to the market For Sale via expressions of interest closing Wednesday 18th October, 4pm.
The 1,336sqm* site is improved with two freestanding block buildings accommodating 5 tenancies, 4 warehouses and a small tenancy at the front that was previously used as a snack bar combining to make a total NLA of 675sqm*.
Tenancies 3 and 4 are leased until August 2025, there is a short balance term for Tenancy 2 (expiring March 24), and Tenancies 1 and 5 are offered with vacant possession, providing value for any potential owner-occupier.
Features include:
- 2 freestanding block buildings
- All 4 industrial units accessible via full height roller doors
- Tenancies 3 and 4 have rear roller doors to storage area at rear
- Suit investor or owner-occupier
Expressions of interest close Wednesday 18th October, 4pm
*Approximately
The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of total area. The population of Cleveland in 2011 was 14,413 people. By 2016 the population was 14,791 showing a population growth of 2.6% in the area during that time. The predominant age group in Cleveland is 50-59 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation. In 2011, 63% of the homes in Cleveland were owner-occupied compared with 62.2% in 2016.
Cleveland has 8,902 properties. Over the last 5 years, Houses in Cleveland have seen a 77.94% increase in median value, while Units have seen a 77.97% increase. As at 31 August 2024:
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