Prime Location Investment Opportunity
Prime Location Service Station located near the busy intersection of Welshpool Road & Leach Highway, Welshpool. The property is currently leased out to two tenants the first being the Petrol Station trading under the Liberty banner. The second is a Car Detailing business that is trading at the rear of the Building. The Service Station is well know and patronised in the area and given its distance from other smaller local service station it is supported by the local community.
The property located at 124 Welshpool Road, Welshpool is 2,074 sqm in area and is in the General Industry area of Welshpool. The property has been trading under the Liberty Banner for 2 years and previous to that was a MOBIL site. The property has been renovated of late to conform with the changes in the Petrol Industry with improvements in the retail and showroom side of the business and has a well presented Shop/ Lunch Bar cashier area. The property overall has been well maintained and presents well.
The size of Welshpool is approximately 8.3 square kilometres. It has 6 parks covering nearly 0.6% of total area. The population of Welshpool in 2011 was 18 people. By 2016 the population was 9 showing a population decline of 50.0% in the area during that time. The predominant age group in Welshpool is 30-39 years. In general, people in Welshpool work in a trades occupation..
Welshpool has 1,603 properties. Over the last 5 years, Units in Welshpool have seen a -17.00% decrease in median value. As at 30 November 2024:
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