CBRE are excited to present a highly adapatable value add opportunity right in prime commercial section of Everard Park. Originally built as the Roxy Theatre, the building has been reimagined over the years and will suit a range of commercial uses. With the downstairs tenancies fully leased, this is a fantastic opportunity for either value add investors or potentially owner occupiers to buy a significant site as 2023 comes to a close.
With limited commercial opportunities in the market, 80-86 Anzac Highway is sure to appeal to a wide range of buyers. CBRE would like to further highlight the below key investment features of the offering:
The size of Everard Park is approximately 0.3 square kilometres. It has 1 park covering nearly 1.2% of total area. The population of Everard Park in 2011 was 995 people. By 2016 the population was 1,092 showing a population growth of 9.7% in the area during that time. The predominant age group in Everard Park is 30-39 years. Households in Everard Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Everard Park work in a professional occupation. In 2011, 49.1% of the homes in Everard Park were owner-occupied compared with 47.5% in 2016.
Everard Park has 528 properties. Over the last 5 years, Houses in Everard Park have seen a 69.39% increase in median value, while Units have seen a 49.93% increase. As at 31 July 2024:
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