3/16 Minilya Ave, White Gum Valley is a bedroom, bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 137m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
DAVID LIGHTFOOT IS PLEASED TO PRESENT TO THE MARKET THIS OUTSTANDING OPPORTUNITY BEING LOTS 6 & 7, 16 MINILYA AVE, WHITE GUM VALLEY.THIS ESTABLISHED NEIGHBORHOOD PROPERTY IS WELL LOCATED TO SERVICE THE SURROUNDING RESIDENTIAL AREAS WITH TENANT/OPERATOR CAFE LUMOS BEING A LOCAL FAVOURITE SINCE 2010*.KEY FEATURES OF THE PROPERTY INCLUDE:- LOTS 6 & 7 LEASED TO CAF LUMOS- 7%* PASSING YIELD- NEW LEASES COMMENCED 20TH JUNE 2016- 5 YEAR INITIAL TERM- 2 OPTIONS OF 5 YEARS EACH- 3% FIXED ANNUAL REVIEWS- MARKET RENT REVIEWS 2022 AND 2027THIS PROPERTY OFFERS ASTUTE INVESTORS LONG LEASES AND AN ESTABLISHED TENANT IN A LOCAL CAFE SETTING WELL FREQUENTED BY RESIDENTS FROM SURROUNDING AREAS.FOR FURTHER INFORMATION PLEASE CONTACT THE EXCLUSIVE SELLING AGENT DAVID LIGHTFOOT ON 0499 888 123.*APPROX
The size of White Gum Valley is approximately 1.2 square kilometres. It has 7 parks covering nearly 2.4% of total area. The population of White Gum Valley in 2011 was 2,734 people. By 2016 the population was 2,938 showing a population growth of 7.5% in the area during that time. The predominant age group in White Gum Valley is 40-49 years. Households in White Gum Valley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in White Gum Valley work in a professional occupation. In 2011, 61.1% of the homes in White Gum Valley were owner-occupied compared with 66.5% in 2016.
White Gum Valley has 1,561 properties. Over the last 5 years, Houses in White Gum Valley have seen a 80.89% increase in median value, while Units have seen a 64.55% increase. As at 31 October 2024:
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