*HUGE $180,000 PA INCOME, FREESTANDING OPPORTUNITY
*$155,000 PA NET INCOME circa 7% PLUS STRONG INCREASES
*3 LETTINGS - ALL STRONG LONG AND STANDING BUSINESSES
*3 STREET FRONTAGES! IN THE HEART OF THE ENTRANCE
*FUTURE DEVELOPMENT POTENTIAL 23 METER HEIGHT ALLOWANCES!
*ADJOINING WALK THROUGH TO SHOPPING AND TOWNCENTRE
*COUNCIL 75+ CAR PARK LOCATED AT REAR
LESSEE 1: LEASE START AUG 2015 – JUL 2018 - INCOME $26,345 PA
LESSEE 2: LEASE START FEB 2016 – FEB 2019 - INCOME $115,200 PA (MAJOR TENANT OPERATING 30 years +)
LESSEE 3: LEASE START JUL 2016 – JUN 2022 - INCOME $37,440 PA
Area Profile
The size of The Entrance is approximately 2 square kilometres. It has 3 parks covering nearly 16% of total area.
The population of The Entrance in 2006 was 2,633 people. By 2011 the population was 3,871 showing a population growth of 47% in the area during that time.
The predominant age group in The Entrance is 0-14 years.
Households in The Entrance are primarily childless couples and are likely to be repaying between $1800 - $2400 per month on mortgage repayments.
In general, people in The Entrance work in a non-specific occupation.
In 2006, 38.2% of the homes in The Entrance were owner-occupied compared with 32.5% in 2011.
Currently the median sales price of houses in the area is 770,000.
Disclaimer: GST and outgoings may be applicable to all figures quoted above. The above information has been furnished to us by the vendor. We have not verified whether or not that the information is accurate and do not have any belief one way of the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate. The agent will not be liable for loss resulting from any action or decision by you in reliance on the information from the agent.