If you are looking for a rock-solid investment, then look no further. Located within Griffin House a landmark development of 7 light industrial commercial buildings located in the Heart of the Dunsborough LIA, this freehold opportunity has a long-standing tenant who has occupied the premises since new in 2010.Current 3 year lease commenced on 01/07/2024 + a further 3 year option means your investment is secure and provides approximately a 6.0% net return with CPI or market review increases annually.With a total lettable area of approximately 95m2 this is a rare opportunity to enter the commercial investment market at an affordable price in the very tightly held Dunsborough LIA.The extensive office fit out includes a large reception area, kitchenette, bathroom and large storeroom with Roller door access on the ground floor (Approx 50m2 total ground floor).Upstairs a fully fitted office space includes built in furniture, carpeted floors, and a sperate private office with glass walls. All include insulated ceilings, air conditioning, LED down lighting and an abundance of power and data points (Approx 45m2 total second floor).
The size of Dunsborough is approximately 16 square kilometres. It has 18 parks covering nearly 12.4% of total area. The population of Dunsborough in 2011 was 4,005 people. By 2016 the population was 5,310 showing a population growth of 32.6% in the area during that time. The predominant age group in Dunsborough is 30-39 years. Households in Dunsborough are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dunsborough work in a trades occupation. In 2011, 61.9% of the homes in Dunsborough were owner-occupied compared with 71% in 2016.
Dunsborough has 5,796 properties. Over the last 5 years, Houses in Dunsborough have seen a 91.64% increase in median value, while Units have seen a 136.36% increase. As at 30 September 2024:
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