RWC Adelaide in conjunction with Stonebridge is pleased to present 'RSEA Munno Para (Adelaide)' for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
The asset has the following key investment features:
• Brand new 8 year net year leases to 2032 + options with fixed annual increases up to 3.5% and 75% of income secured to market leading national tenant
'RSEA Munno Para (Adelaide)' is for sale via expressions of interest closing Thursday 30 May 2024 at 3pm (AEST).
Please contact the exclusively appointed Stonebridge and RWC Adelaide agents for more information.
*Approximately
The size of Munno Para is approximately 5.1 square kilometres. It has 11 parks covering nearly 15.4% of total area. The population of Munno Para in 2011 was 4,318 people. By 2016 the population was 3,733 showing a population decline of 13.5% in the area during that time. The predominant age group in Munno Para is 20-29 years. Households in Munno Para are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Munno Para work in a community and personal service occupation. In 2011, 56.4% of the homes in Munno Para were owner-occupied compared with 43.4% in 2016.
Munno Para has 3,116 properties. Over the last 5 years, Houses in Munno Para have seen a 115.06% increase in median value, while Units have seen a 90.49% increase. As at 31 July 2024:
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