Rare opportunity for an intending owner/occupier, investor or developer to acquire a highly versatile and prominently located corner building which covers the majority of the land, which has a total area of approximately 470 sqm with a frontage to Nelson Street of 15.33 metres and frontage to Cornish street of 31.63 metres
The improvements comprise a showroom office, with warehouse/workshop at rear with 3 phase power supply and dual roller door access entry from Cornish Street,
The land is Zoned, District Centre St. Peters, which provides for a wide range of uses from shopping, office, commercial (STNC) and the property is located directly opposite the Avenues Shopping Centre.
The size of Stepney is approximately 0.5 square kilometres. It has 2 parks covering nearly 4.1% of total area. The population of Stepney in 2011 was 855 people. By 2016 the population was 859 showing a population growth of 0.5% in the area during that time. The predominant age group in Stepney is 20-29 years. Households in Stepney are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Stepney work in a professional occupation. In 2011, 64.3% of the homes in Stepney were owner-occupied compared with 59.5% in 2016.
Stepney has 778 properties. Over the last 5 years, Houses in Stepney have seen a 73.33% increase in median value, while Units have seen a 106.98% increase. As at 31 October 2024:
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