A rare opportunity to purchase three titles in a row.
There are currently three leases over the properties. Two leases are a subsidiary of the AMA Group, who are publicly listed. The other lease is to Eastern States based Stayupright.
The zoning is Service Commercial and the properties sit in amongst the vehicle precinct of Myaree.
Great investment with future potential development opportunities.
Details of each property are;
22 Thurso
Tenant Stayupright
Current Rent - $60,000 net + GST
Term 3X3. Commenced 13/10/2020
Land Area 1,958sqm
24 Thurso
Tenant Gemini Accident Repair Centre
Current Rent - $198,450 net + GST
Term 5 x 5 x 5. Commenced 01/07/2017
Land Area 2,002sqm
26 Thurso Road
Tenant Gemini Accident Repair Centre
Current Rent - $110,250 net + GST
Term 5 x 5 x 5. Commenced 01/07/2017
Land Area 1,940sqm
For further information, please contact Alan Mijacika on 0405 702 506.
The size of Myaree is approximately 1.3 square kilometres. It has 10 parks covering nearly 7.4% of total area. The population of Myaree in 2011 was 1,896 people. By 2016 the population was 1,944 showing a population growth of 2.5% in the area during that time. The predominant age group in Myaree is 40-49 years. Households in Myaree are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Myaree work in a professional occupation. In 2011, 72.9% of the homes in Myaree were owner-occupied compared with 73.5% in 2016.
Myaree has 1,402 properties. Over the last 5 years, Houses in Myaree have seen a 68.93% increase in median value, while Units have seen a 62.81% increase. As at 31 October 2024:
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