PRIME INVESTMENT IN PROMINENT LOCATION CORNER STURT ROAD
EXCELLENT DISPLAY AND RETAIL LOCATION
Leased to two excellent tenants - Rugs SA Pty Ltd - new 3 year lease from March 2011 and Pedders Shock Absorbers - new 3 year lease from March 2011. Total net income $145,000 plus GST per annum. Building area of 842 sqm. On site parking.
The size of Mitchell Park is approximately 2.1 square kilometres. It has 8 parks covering nearly 6.8% of total area. The population of Mitchell Park in 2011 was 5,206 people. By 2016 the population was 5,474 showing a population growth of 5.1% in the area during that time. The predominant age group in Mitchell Park is 20-29 years. Households in Mitchell Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitchell Park work in a professional occupation. In 2011, 49.3% of the homes in Mitchell Park were owner-occupied compared with 47% in 2016.
Mitchell Park has 2,709 properties. Over the last 5 years, Houses in Mitchell Park have seen a 81.94% increase in median value, while Units have seen a 85.69% increase. As at 31 October 2024:
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