Just fitted with a brand new roof and new solar system, this well improved commercial property enjoys prominent exposure to busy Curlewis Street (Murray Valley Highway). Leased to Laneway Music until June 2026 (plus options to 2032), the spacious commercial premises includes a front retail/showroom area, workshop space and staff kitchenette leading to a large rear studio with recording booth. The Laneway Music lease is currently returning $19,921 per annum (plus gst & outgoings) and includes the adjoining tuition facility with independent entry, 3 lesson rooms and another kitchenette. A single-bedroom, self-contained residential apartment at the rear of the property is independently leased returning an additional $693 per month providing a total annual return of $28,237. Further features include side-lane access, 2 brand new 5Kw solar generation systems, ducted reverse-cycle air conditioning and private off-street parking.
The size of Swan Hill is approximately 126.6 square kilometres. It has 37 parks covering nearly 1.8% of total area. The population of Swan Hill in 2011 was 10,430 people. By 2016 the population was 10,925 showing a population growth of 4.7% in the area during that time. The predominant age group in Swan Hill is 0-9 years. Households in Swan Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Swan Hill work in a professional occupation. In 2011, 62.6% of the homes in Swan Hill were owner-occupied compared with 62.4% in 2016.
Swan Hill has 6,563 properties. Over the last 5 years, Houses in Swan Hill have seen a 68.86% increase in median value, while Units have seen a 45.25% increase. As at 31 December 2024:
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