This commercial property has a prime location in the heart of Kadinas CBD - the shopping hub of the Yoke Peninsula. Easy parking out front, high exposure, updated streets and footpaths, large windows and rear lane access all make this shop a popular location for tenants past and present. Its current lessee is a national franchise with a 5 x 5 x 5 year lease in place and is receiving approximately 8% ROI with a rental return of $80,000 per year Gross. Solar panels have recently been installed to keep those power bills under control for the Lesee plus the shop front has ducted evaporative air-conditioning as well as split systems throughout. This property offers a bluechip investment opportunity for someone looking to reap the rewards of a long term tenancy. Contact the Sales Agent David Bussenschutt on 0429 692 511 for further info.
Buyers will be able to participate in the auction in any one of the following ways:
Online via App; on mobile, tablet or desktop; subject to our pre-registration process.
The size of Kadina is approximately 102.4 square kilometres. It has 28 parks covering nearly 3.5% of total area. The population of Kadina in 2011 was 2,938 people. By 2016 the population was 2,839 showing a population decline of 3.4% in the area during that time. The predominant age group in Kadina is 50-59 years. Households in Kadina are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kadina work in a trades occupation. In 2011, 69% of the homes in Kadina were owner-occupied compared with 67.7% in 2016.
Kadina has 2,015 properties. Over the last 5 years, Houses in Kadina have seen a 84.34% increase in median value, while Units have seen a 34.02% increase. As at 30 September 2024:
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