FOR SALE
Contact Mike on 0430 126 491

Shops 4-5, 53 Mosaic Drive
Lalor VIC 3075

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 336m2
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Quality Tenanted Investment With Good Rental Yield!

- Secure Leases To Established Tenants
- Within Strong Residential Catchment
Ray White is delighted to offer for private sale, an excellent investment property located within Lalor's busy Mosaic Village.
- Well positioned within the desirable Mosaic Living Estate, opposite popular Gilwell Park and surrounded by a strong and growing residential catchment
- Mosaic Village is anchored by Nino Early Learning Adventures and comprises eateries, gym and mini supermarket
- Two (2) well presented shops 4 & 5, fully self-contained ground floor shops
- Long leases in place with fixed annual rental increases
- Large on site car park fronting shops
Investment Details:
SHOPS 4 & 5 - THE FITNESS WORKSHOP
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Property Details for Shops 4-5, 53 Mosaic Dr, Lalor, VIC 3075

Building Type
Commercial
Floor Size
336m2

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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of total area. The population of Lalor in 2011 was 19,873 people. By 2016 the population was 22,612 showing a population growth of 13.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a trades occupation. In 2011, 73.6% of the homes in Lalor were owner-occupied compared with 70.6% in 2016.

Lalor has 9,935 properties. Over the last 5 years, Houses in Lalor have seen a 18.96% increase in median value, while Units have seen a 20.43% increase. As at 30 September 2024:

  • The median value for Houses in Lalor is $689,075 while the median value for Units is $500,001.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 59 properties listed for sale, and 28 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 372 properties were sold in the past 12 months in Lalor.

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Mike Sarupria
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Ray White Tarneit
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.