Industrial strata unit tenanted by Newcastle Car Audio Pty Ltd on a 3 year + 3 year Lease.
Situated at the front of a small complex with great exposure to Munibung Road.
Current net income of $40,738 per annum.
Net lettable area of 306m2 (approx) plus 5 car spaces with a current DA to increase size to 530m2 (approx) with 6 car spaces.
Affordable investment in sought after location.
Upside potential with current DA to increase floor area and improve income.
Bidding Open from 11am, Monday 19th June 2023
Auction to Conclude 2pm, Tuesday 20th June 2023.
All bidders must be registered and approved - please contact Agent.
The size of Cardiff is approximately 5.2 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cardiff in 2016 was 5830 people. By 2021 the population was 6318 showing a population growth of 8.4% in the area during that time. The predominant age group in Cardiff is 30-39 years. Households in Cardiff are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cardiff work in a professional occupation.In 2021, 66.30% of the homes in Cardiff were owner-occupied compared with 71.40% in 2016.
Cardiff has 3,843 properties. Over the last 5 years, Houses in Cardiff have seen a 62.49% increase in median value, while Units have seen a 51.12% increase. As at 30 November 2025:
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