INVEST IN THE BAY!!
Located in the heart of Glenelg—strategically positioned to Jetty Road and the famous Glenelg beach. Two studio apartments in the recently refurbished Taft Apartments offers an outstanding opportunity to an astute buyer. Secure 2 studio apartments each with its own car park and secure long term corporate leases. Current rental $11,700 each per annum on a 5 + 5 + 5 + 5 Corporate Lease—commenced 01.12.04. The Apartments have unrestricted access to the spa and ingound pool. A QUALITY INVESTMENT!!
The size of Glenelg is approximately 1 square kilometres. It has 5 parks covering nearly 6.3% of total area. The population of Glenelg in 2011 was 3,447 people. By 2016 the population was 3,345 showing a population decline of 3.0% in the area during that time. The predominant age group in Glenelg is 60-69 years. Households in Glenelg are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg work in a professional occupation. In 2011, 46.5% of the homes in Glenelg were owner-occupied compared with 49.3% in 2016.
Glenelg has 3,449 properties. Over the last 5 years, Houses in Glenelg have seen a 85.94% increase in median value, while Units have seen a 64.87% increase. As at 31 August 2024:
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