With a high-quality tenant in occupation, this outstanding industrial facility in the Wurruk Gardens industrial estate represents a great opportunity for the astute investor.
With a brand-new three-year lease in place at $30,000PA plus GST & outgoings until the 17/12/2023. The lease provides with annual CPI reviews in the term and a market review at the end of each term. There are a further 2 X 2-year options potentially taking the lease up to 2027!
Set on a spacious 2642sqm (.65 Acre) is this outstanding workshop and office complex.
The size of Wurruk is approximately 9.7 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Wurruk in 2016 was 1112 people. By 2021 the population was 1177 showing a population growth of 5.8% in the area during that time. The predominant age group in Wurruk is 10-19 years. Households in Wurruk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wurruk work in a professional occupation.In 2021, 77.90% of the homes in Wurruk were owner-occupied compared with 72.00% in 2016.
Wurruk has 633 properties. Over the last 5 years, Houses in Wurruk have seen a 65.92% increase in median value, while Units have seen a 44.28% increase. As at 31 December 2025:
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