Tenanted Investment - Suit Investor or Owner/Occupier/Investor
Brick building with glass shop frontage of approximately 893 square metres in total comprising three areas. Two long term tenancies equal to approximately 75% of total area, roller door access to rear, evaporative air conditioned, mezzanine office area to two areas, disabled amenities available. Rear bitumised parking with dual access.
Located on corner site opposite shopping complex.
The size of Old Reynella is approximately 2.2 square kilometres. It has 8 parks covering nearly 9.4% of total area. The population of Old Reynella in 2011 was 3,300 people. By 2016 the population was 3,365 showing a population growth of 2.0% in the area during that time. The predominant age group in Old Reynella is 30-39 years. Households in Old Reynella are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Old Reynella work in a trades occupation. In 2011, 76.9% of the homes in Old Reynella were owner-occupied compared with 71.7% in 2016.
Old Reynella has 1,835 properties. Over the last 5 years, Houses in Old Reynella have seen a 106.28% increase in median value, while Units have seen a 153.03% increase. As at 31 October 2024:
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