FOR SALE
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1/350 Settlement Road
Thomastown VIC 3074

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 350m2
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Prime Position and Immediate Access To Major Road Networks

Excellent opportunity for both investors and owner-occupiers in Thomastown. With the potential for immediate tenancy, it allows for secure rental income or the ideal space to establish or expand your own business. Its versatile layout makes it suitable for various storage needs or operational uses making it a valuable addition to any property portfolio.
Highlights :
- Factory/warehouse with excellent High Street and Ring Road access
- Front entrance with reception area, fully fitted office, kitchen, and toilets
- Features security gated entry with electric roller shutter door container access
- Ample onsite parking and 3-phase power
- Factory/warehouse floor area: 200sqm approx
- Ground floor office area and amenities: 50sqm approx
- Mezzanine area above the office and amenities: 50sqm approx
- Additional mezzanine storage area: 50sqm approx
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Property Details for 1/350 Settlement Rd, Thomastown

Building Type
Commercial
Floor Size
350m2

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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. It has 23 parks covering nearly 4% of total area. The population of Thomastown in 2011 was 20,330 people. By 2016 the population was 20,482 showing a population growth of 0.7% in the area during that time. The predominant age group in Thomastown is 20-29 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thomastown work in a labourer occupation. In 2011, 72.6% of the homes in Thomastown were owner-occupied compared with 68.5% in 2016.

Thomastown has 11,810 properties. Over the last 5 years, Houses in Thomastown have seen a 18.47% increase in median value, while Units have seen a 24.18% increase. As at 30 November 2024:

  • The median value for Houses in Thomastown is $707,638 while the median value for Units is $502,265.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 46 properties listed for sale, and 30 properties listed for rent in Thomastown on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Thomastown.

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Param Singh
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Mandeep Sekhon
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Bombay Real Estate
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