POSITIONED IN THE KENSINGTON LAKES DEVELOPMENT, THE NEW GROWTH AREA OF BUNDABERG IS THIS OUTSTANDING FREEHOLD OPPORTUNITY PROVIDING LESSEES A GREAT PLACE TO DO BUSINESS IF EXPOSURE TO LARGE NUMBERS OF CUSTOMERS AND A HIGH STANDARD OF PRESENTATION IS REQUIRED. THIS ESTABLISHED FREEHOLD PREMISES OFFERS GREAT DEPRECIATION AND IS INTO SECOND 5 YEAR OPTION WITH THE CURRENT TENANT WILLING TO EXTEND AGAIN. CENTERED ON THE GROWING ACTIVITY SPINE OF THE DEVELOPMENT, TRAFFIC VOLUMES HAVE BEEN GROWING EXPONENTIALLY PAST THESE PREMISES AND WILL CONTINUE TO GROW AS JOHANNA BOULEVARD IS CONNECTED TO THE SOUTHERN BYPASS ROAD AND COMMERCIAL STREET INCREASINGLY FULFILS ITS ROLE AS THE MAJOR GATEWAY TO THE AIRPORT. FOR MORE INFORMATION ON THIS OUTSTANDING OPPORTUNITY CALL SCOTT OR AARON TODAY. CURRENT TENANCY: FAST FOOD SHOP AREA OF TENANCY: 97M2 TENANCY COMMENCEMENT: 1ST SEPTEMBER 2009 EXPIRY DATE: 31ST AUGUST 2019 SECOND 5 YEAR OPTION 31ST AUGUST 2024ACTUAL GROSS RENT: $22,560.00 + GST PER ANNUMTHE INFORMATION PROVIDED IS FOR USE AS AN ESTIMATE ONLY AND POTENTIAL PURCHASERS SHOULD MAKE THEIR OWN ENQUIRES TO SATISFY THEMSELVES OF ANY MATTERS.
The size of Kensington is approximately 15.6 square kilometres. There are 2 parks, covering nearly 0.5% of the total area. The population of Kensington in 2016 was 569 people. By 2021 the population was 722 showing a population growth of 26.9% in the area during that time. The predominant age group in Kensington is 60-69 years. Households in Kensington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kensington work in a clerical occupation.In 2021, 73.90% of the homes in Kensington were owner-occupied compared with 69.20% in 2016.
Kensington has 453 properties. Over the last 5 years, Houses in Kensington have seen a 98.56% increase in median value. As at 31 August 2026:
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