JLL are pleased to present to the market 37 Mercantile Way, Malaga.
Completed in 2011 this property is one of Malaga's best presenting Office/Warehouses. Constructed of concrete footings and tilt panel elevations with feature cladding and awnings, and an insulated metal deck roof to a height of approx 7.5m. Warehouse is approx 788m accessed via electronic roller shutter fronting Mercantile Way and consists of full height internal painted walls, hi bay lighting and 3 phase power.
The office area is approx 197m split over two levels and is fitted out with suspended ceilings, recessed lighting with reverse cycle air con throughout. Access between levels is via a glass balustrade staircase.
The size of Malaga is approximately 6.6 square kilometres. It has 7 parks covering nearly 8.1% of total area. The population of Malaga in 2011 was 15 people. By 2016 the population was 3 showing a population decline of 80.0% in the area during that time. The predominant age group in Malaga is 50-59 years. Households in Malaga are primarily couples with children and are likely to be repaying $1800 - $2000 per month on mortgage repayments. In general, people in Malaga work in a trades occupation..
Malaga has 2,946 properties. Over the last 5 years, Houses in Malaga have seen a 139.91% increase in median value, while Units have seen a 1.67% increase. As at 31 July 2024:
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