Outstanding Investment Opportunity Adjacent Elizabeth Shopping Centre - Lease to Boystown
This exceptional property is leased to BoysTown Inc. BoysTown was established in 1961 by the De La Salle Brothers as a boys residential school in Queensland. They now provide a wide range of services nationally for boys, girls and young families. For more information visit their website at www.boystown.com.au
The lease commenced 18th May 2009 and the first term expired 30th June 2012 with two further rights of renewal each of 3 years. Boystown have renewed the lease to 30th June 2015. The Commencing rental was $81,000 per annum and the current rent is $87,698.18 pa plus outgoings and GST.
The size of Elizabeth is approximately 1.9 square kilometres. It has 9 parks covering nearly 27.4% of total area. The population of Elizabeth in 2011 was 1,038 people. By 2016 the population was 1,024 showing a population decline of 1.3% in the area during that time. The predominant age group in Elizabeth is 30-39 years. Households in Elizabeth are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth work in a labourer occupation. In 2011, 45.5% of the homes in Elizabeth were owner-occupied compared with 45.3% in 2016.
Elizabeth has 588 properties. Over the last 5 years, Houses in Elizabeth have seen a 172.73% increase in median value, while Units have seen a 118.77% increase. As at 31 October 2024:
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