Located on a busy, high profile site within the Horsham CBD this outstanding retail / commerce property represents an opportunity to secure a quality investment property in the tightly held Horsham commercial property market with outstanding exposure on a prominent corner site opposite the busy Horsham Plaza attracting high volumes of passing vehicle and pedestrian traffic.
Comprising a total site area of 312 m2 the property is currently tenanted on a single lease but affords the opportunity to be leased as two seperate shopfronts if required in the future and has the benefit of two allocated off street car parks.
Currently leased to a long term, established tenant the property offers excellent return on investment and security to long term investors.
LEASE DETAILS:
Commencement Date: 1st July 2023.
Commencement Rental: $36,000 per annum (excluding GST)
Lease Term: Two (2) years.
Lease Options: Two (2) further terms of Two (2) years.
The size of Horsham is approximately 23.9 square kilometres. It has 42 parks covering nearly 6.4% of total area. The population of Horsham in 2011 was 14,284 people. By 2016 the population was 14,550 showing a population growth of 1.9% in the area during that time. The predominant age group in Horsham is 20-29 years. Households in Horsham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horsham work in a professional occupation. In 2011, 66.8% of the homes in Horsham were owner-occupied compared with 66.3% in 2016.
Horsham has 9,427 properties. Over the last 5 years, Houses in Horsham have seen a 65.49% increase in median value, while Units have seen a 55.35% increase. As at 31 August 2024:
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