Located in beautiful Montville and providing a central location, is this fantastic investment opportunity.
Featuring approximately 55m2 of space, and located in the heart of Montville, this space is perfect for those looking for a commercial opportunity with excellent street frontage.
The property currently has an excellent established tenant, with three year lease expiring 03/08/2026 and a further three year option.
If you are wishing to secure a lucrative investment, or have a desire to utilise this space for a future potential business, Contact Montville Real Estate today to inspect.
Features:
- 55m2 space with kitchenette area
- Single parking space for usage of tenant or owner
- Current rental return of $29,900.00 inclusive of GST and outgoings
- Body corporate fees of approximately $1,314.90 per quarter
- Rates of approximately $1,404.95 half yearly
The size of Montville is approximately 17.7 square kilometres. It has 10 parks covering nearly 15.7% of total area. The population of Montville in 2011 was 886 people. By 2016 the population was 949 showing a population growth of 7.1% in the area during that time. The predominant age group in Montville is 60-69 years. Households in Montville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montville work in a professional occupation. In 2011, 79.5% of the homes in Montville were owner-occupied compared with 80% in 2016.
Montville has 700 properties. Over the last 5 years, Houses in Montville have seen a 88.76% increase in median value, while Units have seen a 53.33% increase. As at 31 October 2024:
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