SOLD
Sold on 02 Feb 2024 for $1,660,000

318 Urana Road
Lavington NSW 2641

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 858m2
Land area: 575m2
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Property Details for 318 Urana Rd, Lavington

Building Type
Commercial
Floor Size
858m2
Land Size
575m2
Local Government
Albury City
Lot/Plan
4/DP20501

Last Listing description (October 2023)

Stanley & Martin is pleased to offer 318 Urana Road, Lavington, to the market with three quality, commercial tenants in lease, the property is returning a total of $116,582* pa net plus outgoings.

Flowing over 2 levels, the ground floor is leased to long term tenant Personnel Group, with Suite 1 on the first floor leased to Australian Red Cross (CPI increase effective 1 July 2023) and Suites 2 & 3 first floor leased to Coxtech.

Each suite is carpeted and includes a kitchenette, staff amenities, air conditioning and grid ceiling tiles.

Located in the commercial core of Lavington, the property is in close proximity to major arterial roads, shopping centres, food services and businesses.

Property highlights:

- Returning $116,582* pa net plus Outgoings
- Three income streams
- Total building area: 858m2*
- Lift, internal stairwell and on-site parking
- Land holding of 575m2*

*Denotes approximate.

Property History for 318 Urana Rd, Lavington, NSW 2641

A timeline of how this property has performed in the market
Last Sold
$1,660,000
02 Feb 2024
Listed for Rent
$475/w
18 Feb 2020
  • 02 Feb 2024
    Sold for $1,660,000
  • 08 Jun 2023
    Listed for Sale $1,825,000 to $1,975,000
  • 09 Oct 2019
    Listed for Rent $20,000 / year
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About Lavington 2641

The size of Lavington is approximately 14.8 square kilometres. It has 11 parks covering nearly 3.2% of total area. The population of Lavington in 2011 was 12,031 people. By 2016 the population was 12,493 showing a population growth of 3.8% in the area during that time. The predominant age group in Lavington is 20-29 years. Households in Lavington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lavington work in a trades occupation. In 2011, 60.8% of the homes in Lavington were owner-occupied compared with 58.1% in 2016.

Lavington has 7,822 properties. Over the last 5 years, Houses in Lavington have seen a 79.96% increase in median value, while Units have seen a 79.30% increase. As at 31 October 2024:

  • The median value for Houses in Lavington is $442,184 while the median value for Units is $323,686.
  • Houses have a median rent of $460 while Units have a median rent of $340.
There are currently 47 properties listed for sale, and 12 properties listed for rent in Lavington on OnTheHouse. According to CoreLogic's data, 361 properties were sold in the past 12 months in Lavington.

Suburb Insights for Lavington 2641

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Disclaimer
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.