Investment Property - Blue Chip Location with Surplus Land Ready To Develop
The site is leased to Steel River Brewery (www.steelriverbrewery.com) on a seven (7) year lease with 2 x 5 year options. The lease commenced on 1 October 2008 and the current rental income is $133,509 per annum plus GST. Rent reviews are greater of 4% or CPI.
The property is a brand new workshop building currently used as a major brewery facility on a large site of 3,986 square metres. The surplus land would be suitable for immediate development / expansion.
The size of Mayfield West is approximately 2.5 square kilometres. There are 8 parks, covering nearly 8.3% of the total area. The population of Mayfield West in 2016 was 1895 people. By 2021 the population was 1993 showing a population growth of 5.2% in the area during that time. The predominant age group in Mayfield West is 30-39 years. Households in Mayfield West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield West work in a professional occupation.In 2021, 57.90% of the homes in Mayfield West were owner-occupied compared with 58.00% in 2016.
Mayfield West has 1,606 properties. Over the last 5 years, Houses in Mayfield West have seen a 54.30% increase in median value, while Units have seen a 61.00% increase. As at 30 April 2026:
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