6/171-173 Power Street provides an astute investor an opportunity to acquire a passing income producing property within an a-grade location.
Located on Power Street, the site provides quick access to the M7 Motorway
* Warehouse/Office facility provides access via one (1) container height roller shutter door
* Warehouse offers internal clearances reaching up to 8m (approx)
* Well presented mezzanine level office accommodation is carpeted and airconditioned with staff amenities. The offices are of a corporate standard
* The property benefits from drive-around truck access
* Fully secured site
The new 5 x 5 year lease to Hurst Concepts produces an annual net rental of $100,000 ex GST, with outgoings fully recoverable from the Lessee
For sale via EOI Closing 9 December 2020 at 4:00pm
For additional information, please contact the joint exclusive agents
The size of Glendenning is approximately 3.5 square kilometres. There are 14 parks, covering nearly 22.0% of the total area. The population of Glendenning in 2016 was 5131 people. By 2021 the population was 5196 showing a population growth of 1.3% in the area during that time. The predominant age group in Glendenning is 0-9 years. Households in Glendenning are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glendenning work in a clerical occupation.In 2021, 68.40% of the homes in Glendenning were owner-occupied compared with 71.50% in 2016.
Glendenning has 1,958 properties. Over the last 5 years, Houses in Glendenning have seen a 43.95% increase in median value, while Units have seen a 44.24% increase. As at 30 June 2026:
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