Low maintenance commercial opportunity with multiple long term tenants. Ideally located in the township of Malanda with street access front and rear this property has two reputable tenants with well established businesses. Warehouse and retail on one side with drive through set up from front to rear. Hair Studio on the other with full set up as well as additional space which could be use to rent out as storage for a third income stream.
Property is set on a 1,359m2 block within 100m of English Street - the heart of Malanda. Building is block construction and has had roof, gutters and downpipes replaced in the past year so no major works to do.
For more information please call exclusive agent Alex Payne on 0409 328 153.
The size of Malanda is approximately 44.8 square kilometres. It has 3 parks covering nearly 0.4% of total area. The population of Malanda in 2011 was 2,052 people. By 2016 the population was 1,996 showing a population decline of 2.7% in the area during that time. The predominant age group in Malanda is 60-69 years. Households in Malanda are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Malanda work in a professional occupation. In 2011, 66.5% of the homes in Malanda were owner-occupied compared with 70.2% in 2016.
Malanda has 1,128 properties. Over the last 5 years, Houses in Malanda have seen a 64.85% increase in median value, while Units have seen a 25.52% increase. As at 30 November 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.