Here is a chance to buy a character stone property in the charming South Australian rural township of Clare. The building was built circa 1877, extends over an area of approx. 702sqm on a site of approx. 756sqm with tow street frontages.
Securely lease to ANZ Banking Group Limited till May 2018 with fixed annual rent reviews and two rights to renew for Five (5) years each.
The rear retail area fronting Old North Rd is subleased to Closet and Robe.
The size of Clare is approximately 13 square kilometres. It has 23 parks covering nearly 8.7% of total area. The population of Clare in 2011 was 3,276 people. By 2016 the population was 3,160 showing a population decline of 3.5% in the area during that time. The predominant age group in Clare is 60-69 years. Households in Clare are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Clare work in a professional occupation. In 2011, 65.6% of the homes in Clare were owner-occupied compared with 64.2% in 2016.
Clare has 2,282 properties. Over the last 5 years, Houses in Clare have seen a 92.40% increase in median value, while Units have seen a 75.80% increase. As at 31 October 2024:
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