Situated in Picton on a 2,052sqm piece of land and with a building approximately 805sqm this will make a solid investment. The owner wants to lease it back and will sign a 3 year lease with a 8% ROI. The building is steel construction and the property offers plenty of parking on the bitumen hardstand, which allows good access to the whole building through the large roller doors. There is a small air conditioned office reception area at the front of the building, security system and a heavy duty gate at the entrance.
Busy Picton Location;
Building could be made into smaller tenancies if ever needed;
The size of Picton is approximately 6 square kilometres. The population of Picton in 2011 was 2,880 people. By 2016 the population was 56 showing a population decline of 98.1% in the area during that time. The predominant age group in Picton is 40-49 years. Households in Picton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Picton work in a trades occupation. In 2011, 70.3% of the homes in Picton were owner-occupied compared with 53.9% in 2016..
Picton has 173 properties. Over the last 5 years, Houses in Picton have seen a 70.61% increase in median value. As at 31 October 2024:
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