Great opportunity to buy a small office/warehouse in the thriving Castle Hill Trading Zone. This property is located on busy Hudson Ave right next door to the Hills Homemaker Centre. The unit consists of an air-conditioned mezzanine office, ground floor showroom/office area plus high clearance warehouse. The unit has excellent natural light and is ideal for light industrial users.
The property is current leased to an electrical contractor with a lease expiry at the end of February 2022. They do not have an option to renew so this property could be considered by owner-occupiers. The leasing prospects are also excellent for investors with small units in Castle Hill being very popular amongst tenants.
The size of Castle Hill is approximately 18.9 square kilometres. It has 68 parks covering nearly 12.1% of total area. The population of Castle Hill in 2011 was 37,916 people. By 2016 the population was 39,624 showing a population growth of 4.5% in the area during that time. The predominant age group in Castle Hill is 40-49 years. Households in Castle Hill are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Castle Hill work in a professional occupation. In 2011, 79% of the homes in Castle Hill were owner-occupied compared with 74.5% in 2016.
Castle Hill has 18,631 properties.
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