INDUSTRIAL INVESTMENT - KUNDA PARK CENTRAL
Industrial complex of 24 units in Kunda Park Central. Unit 14 is approx. 275m of factory with good height and high roller doors. There is also a small office of approx. 30m2 with approx. 30m2 of mezzanine open storage area.
The unit has been leased to SEQ Packaging for 3 x 3 x 3 years which commenced in June 2012 with a rental income of $36,000 pa plus outgoings & GST. There are annual increases of CPI or 4% with a review to Market at the end of the first 3 year term.
The size of Kunda Park is approximately 2.9 square kilometres. It has 7 parks covering nearly 26.2% of total area. The population of Kunda Park in 2011 was 27 people. By 2016 the population was 22 showing a population decline of 18.5% in the area during that time. The predominant age group in Kunda Park is 60-69 years. In general, people in Kunda Park work in a clerical occupation. In 2006, 42.9% of the homes in Kunda Park were owner-occupied compared with 25% in 2011..
Kunda Park has 725 properties. Over the last 5 years, Units in Kunda Park have seen a 42.97% increase in median value. As at 31 October 2024:
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