Raine & Horne Commercial are pleased to present to the market 724 Port Road, Beverley & 9-11 Howards Road Beverley, For Sale by Expression of Interest closing Wednesday 6th September 2023 at 12pm (ACST).
Fantastic opportunity to secure a low-risk multi-tenanted investment with redevelopment potential. Long standing tenants include Beaumont Tiles who was recently purchased by Bunnings, CNW Electrical and Lotus Kitchen By Design.
The size of Beverley is approximately 1.5 square kilometres. It has 2 parks covering nearly 3.1% of total area. The population of Beverley in 2011 was 1,414 people. By 2016 the population was 1,520 showing a population growth of 7.5% in the area during that time. The predominant age group in Beverley is 40-49 years. Households in Beverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Beverley work in a professional occupation. In 2011, 60.3% of the homes in Beverley were owner-occupied compared with 59.7% in 2016.
Beverley has 1,057 properties. Over the last 5 years, Houses in Beverley have seen a 73.12% increase in median value, while Units have seen a 70.83% increase. As at 31 July 2024:
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