Office/Warehouse of 699 square metres plus mezzanine situated in a small well kept group of 3 industrial units.The complex is situated in a developing industrial area, well located just off Roe Highway/Berkshire Road intersection which provides great access to the Metropolitan area.The property has two tenancies being a long time well established lunchbar and truck repairs in the warehouse area. The net rent is $77,727 per annum which shows a return of 6.5%.
The size of Forrestfield is approximately 17.4 square kilometres. It has 22 parks covering nearly 32.4% of total area. The population of Forrestfield in 2011 was 11,811 people. By 2016 the population was 12,715 showing a population growth of 7.7% in the area during that time. The predominant age group in Forrestfield is 30-39 years. Households in Forrestfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forrestfield work in a trades occupation. In 2011, 73.2% of the homes in Forrestfield were owner-occupied compared with 73.3% in 2016.
Forrestfield has 6,505 properties. Over the last 5 years, Houses in Forrestfield have seen a 96.74% increase in median value, while Units have seen a 40.67% increase. As at 31 August 2024:
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