Properties in this location rarely come to the market. An opportunity has arisen to purchase this long held Strata property in the Ardross Street Medical Centre. The unit has a long and stable leasing history located in the heart of The Village in this Blue-chip suburb. The premises have been occupied by a Pharmacy outlet since 1987 and with the current tenant since 1992. A recent refurbishment of the property has it in tip top presentation giving a return of 5%
The size of Applecross is approximately 3.3 square kilometres. It has 12 parks covering nearly 12.8% of total area. The population of Applecross in 2011 was 6,579 people. By 2016 the population was 6,886 showing a population growth of 4.7% in the area during that time. The predominant age group in Applecross is 50-59 years. Households in Applecross are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Applecross work in a professional occupation. In 2011, 67.9% of the homes in Applecross were owner-occupied compared with 68.9% in 2016.
Applecross has 4,400 properties. Over the last 5 years, Houses in Applecross have seen a 77.89% increase in median value, while Units have seen a 39.92% increase. As at 31 October 2024:
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