SOLD IN FIVE DAYS !
Located in the heart of this tightly held industrial pocket, close to the CBD and Norwood Parade in the eastern suburbs. Accessed from Stepney and Union Streets, this opportunity has easy access to Payneham Road, Magill Road and Nelson Street.
Older style industrial facility providing 650 sq m on a total site area of 1,288 sq m, comprised of two Certificates of Title. This is a great opportunity for owner occupiers, developers or investors to acquire an industrial property in this tightly held industrial precinct close to the CBD.
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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