Guaranteed 6.7% return- long term tenants- secure lease!
VENDORS WILL SELL! AND LOOK AT OFFERS- DONT MISS OUT!
FREEHOLD SALE- Excellent investment opportunity in the heart of Belgrave main business and retail strip. The location speaks for itself; the security offered is long term making this the perfect extended investment. The current tenancy has been intact since 2003 with further options until 2018! The rent yields approx 6.7% with annual 4 % increases making this a genuine investment.
The size of Belgrave is approximately 4.2 square kilometres. It has 15 parks covering nearly 20.4% of total area. The population of Belgrave in 2011 was 3,966 people. By 2016 the population was 3,935 showing a population decline of 0.8% in the area during that time. The predominant age group in Belgrave is 40-49 years. Households in Belgrave are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Belgrave work in a professional occupation. In 2011, 86.6% of the homes in Belgrave were owner-occupied compared with 87.8% in 2016.
Belgrave has 1,780 properties. Over the last 5 years, Houses in Belgrave have seen a 44.11% increase in median value, while Units have seen a 27.38% increase. As at 31 July 2024:
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