UNIT 5 IS A FULLY LEASED 1,019M INVESTMENT OPPORTUNITY WITH A DIVERSE TENANT MIX. THE PROPERTY IS LOCATED IN A RECENTLY COMPLETED INDUSTRIAL DEVELOPMENT ON THE POPULAR DACRE STREET IN MITCHELL. DACRE STREET IS LOCATED AMONGST THE NEW WESTERN SECTION OF MITCHELL AND HAS UNDERGONE SIGNIFICANT DEVELOPMENT SINCE THE SUB- DIVISION WAS RELEASED IN 2005. WITH THE STRONG TENANT MIX OPERATING ACROSS VARYING INDUSTRIES INCLUDING HORTICULUTURE, FITNESS, LINEN SUPPLY AND INTERNATIONAL SPORTING GOODS IMPORTATION THIS WAREHOUSE OFFERS THE ASTUTE INVESTOR A HIGH YIELDING ASSET IN A TIGHTLY HELD POCKET OF MITCHELL. THE BUILDING ITSELF IS AN IMPRESSIVE MODERN CLEAR-SPAN WAREHOUSE WHICH HAS BEEN SUB-DIVIDED INTO THREE SEPERATE TENANCIES, ALL OF WHICH HAVE BEEN SEPERATELY METERED FOR THE FLEXIBILITY OF THE LONG STANDING TENANTS. EACH INDIVIDUAL UNIT HAS SEPERATE HIGH CLEARANCE ROLLER DOOR ACCESS TO THE TENANCY AS WELL AS A NUMBER OF INDIVIDUAL CAR PARKS ON SITE.CURRENT GROSS PASSING INCOME IS $192,240 + GST PER ANNUM WITH A WALE OF 2.19 AT 1 AUGUST 2015
The size of Mitchell is approximately 3.4 square kilometres. It has 5 parks covering nearly 39.5% of total area. The population of Mitchell in 2016 was 6 people. By 2021 the population was 7 showing a population growth of 16.7% in the area during that time. The predominant age group in Mitchell is 0-9 years. Households in Mitchell are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mitchell work in a community and personal service occupation.In 2021, 0.00% of the homes in Mitchell were owner-occupied compared with 0.00% in 2016.
Mitchell has 638 properties.
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