PRIME COMMERCIAL SITE
2 YEAR OLD SOLID BRICK RENDERED DOUBLE SHOP FITTED WITH LARGE WC & VANITY BASIN, SMALL KITCHENETTE AND HWC IN CEILING. THE SHOP SIZE IS 146SQM AND IS CURRENTLY LEASED TO THE SWANSEA/BICHENO COMMUNITY BANK UNDER THE UMBRELLA OF THE BENDIGO BANK.
THE CURRENT LEASE IS 5 YEARS PLUS 2 FURTHER 5 YEAR TERMS. THE ANNUAL RENTAL INCOME IS $25 411.80 PLUS GST PAID MONTHLY IN ADVANCE (WITH NO MANAGEMENT FEES). TENANTS PAY ALL OUTGOINGS INCLUDING RATES, WATER AND LAND TAX. THIS LEASE IS SUBJECT TO ANNUAL CPI INCREASES AS FROM 1ST MARCH, 2008 WITH A RENT REVIEW AFTER 5 YEARS.
The size of Swansea is approximately 245.4 square kilometres. It has 17 parks covering nearly 6.8% of total area. The population of Swansea in 2016 was 866 people. By 2021 the population was 997 showing a population growth of 15.1% in the area during that time. The predominant age group in Swansea is 60-69 years. Households in Swansea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Swansea work in a managers occupation.In 2021, 75.80% of the homes in Swansea were owner-occupied compared with 70.40% in 2016.
Swansea has 1,030 properties. Over the last 5 years, Houses in Swansea have seen a 84.03% increase in median value, while Units have seen a 24.37% increase. As at 30 November 2025:
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