Occupying a sizable site in the heart of Derwent Park's industrial precinct, this immaculate property offers a fully let freehold opportunity with long tenure to two well established businesses. The property offers two freestanding office/warehouse buildings with quality fitouts and amenities, good access, open yard and parking for 27 plus vehicles. Provides a strong passive income with structured rental growth in a well performing local economy.
Land Size 2382m and building area 1560m
Front Building - leased to Parr Airconditioning, 10+5+5 years from 1 May 2020
Expressions of Interest close Friday 25th February 2022
The size of Derwent Park is approximately 1.7 square kilometres. It has 3 parks covering nearly 5.4% of total area. The population of Derwent Park in 2011 was 619 people. By 2016 the population was 644 showing a population growth of 4.0% in the area during that time. The predominant age group in Derwent Park is 30-39 years. Households in Derwent Park are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Derwent Park work in a community and personal service occupation. In 2011, 54.6% of the homes in Derwent Park were owner-occupied compared with 60.1% in 2016.
Derwent Park has 629 properties. Over the last 5 years, Houses in Derwent Park have seen a 38.26% increase in median value, while Units have seen a 49.48% increase. As at 31 October 2024:
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