Somerset Removals and Storage has been operating for over 40 years and further developed under its current ownership structure, which has been in place since 2000. This has included acquisition of two warehouses and progressive upgrades of the supporting plant and equipment, resulting in continued growth in turnover.
The property comprises two strata titled warehouse units, each approximately 390 sqm in size. Unit 1 also has an undeveloped parcel of land at the rear that could be further improved (STCA).
Somerset Removals and Storage is offered for sale at $940,000 + GST on a walk in walk out (WIWO) basis.
To discuss this opportunity and arrange an inspection, please contact Knight Frank.
The size of Somerset is approximately 27 square kilometres. It has 8 parks covering nearly 1.3% of total area. The population of Somerset in 2011 was 3,974 people. By 2016 the population was 3,885 showing a population decline of 2.2% in the area during that time. The predominant age group in Somerset is 50-59 years. Households in Somerset are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Somerset work in a trades occupation. In 2011, 71% of the homes in Somerset were owner-occupied compared with 69.3% in 2016.
Somerset has 2,046 properties. Over the last 5 years, Houses in Somerset have seen a 74.06% increase in median value, while Units have seen a 68.40% increase. As at 31 October 2024:
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