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143 8-34 Gladstone Park Drive
Gladstone Park VIC 3043

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 79m2
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Good Investment

High profile shop in the bustling Gladstone Park shopping centre has recently come onto the market.
The established tenant has operated a successful Hair and Beauty salon for some time with the tenant recently signed a 6 (six) year lease (2022) with a further option of two, six-year terms available.
Currently, the annual return is $24,077.30 with 3% increases scheduled on review each year. The tenant is responsible for payment or reimbursement of all shop outgoings including adequate insurance cover as specified in the lease agreement. An ideal investment for your property portfolio or Super Fund as Gladstone Park is a popular shopping destination with a variety of retail outlets, fast food vendors and other shops catering for the many needs of local families ensuring a high daily level of daily foot traffic
Main Features:
Good tenant on 6 year lease with the option of 2 further 6 year terms
Current return $24,077.30pa with 3% annual review increases
Tenant responsible for all outgoings as per lease
Shop Floor area approximately 79m2
Four Anchor shops:
Woolworths Aldi
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Property Details for 143 8-34 Gladstone Park Drive, Gladstone Park

Building Type
Commercial
Floor Size
79m2

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About Gladstone Park 3043

The size of Gladstone Park is approximately 3.7 square kilometres. It has 9 parks covering nearly 4.7% of total area. The population of Gladstone Park in 2011 was 8,329 people. By 2016 the population was 8,348 showing a population growth of 0.2% in the area during that time. The predominant age group in Gladstone Park is 60-69 years. Households in Gladstone Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gladstone Park work in a clerical occupation. In 2011, 79.3% of the homes in Gladstone Park were owner-occupied compared with 77.5% in 2016.

Gladstone Park has 3,549 properties. Over the last 5 years, Houses in Gladstone Park have seen a 17.64% increase in median value, while Units have seen a 27.27% increase. As at 31 July 2024:

  • The median value for Houses in Gladstone Park is $711,740 while the median value for Units is $547,445.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Gladstone park on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Gladstone park.

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CENTURY 21 Theresa Huynh
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