419 Victoria StreetAbbotsford VIC 3067
Property Details for 419 Victoria St, Abbotsford
Last Listing description (October 2023)
Burgess Rawson are pleased to offer to the market the Chinese Medicine Clinic in Abbotsford VIC for sale private sale.
The property has the following investment highlights:
+ Renewed Two (2) year lease to January 2025 to longstanding tenant of 15+ years.
+ Desirable annual CPI rent reviews.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ Busy clinic trading 7 days a week with strong reputation in the Chinese community.
+ Well-presented 115sqm* clinic with rear roller door access and 3 allocated car spaces at the rear.
+ Situated in key medical precinct, opposite medical centre, dentist, pharmacist and skin clinic.
+ High profile position, only 30 metres* from tram stop and direct exposure to 18,200 vehicles passing daily.**
+ Abbotsford: booming city fringe suburb, with population forecast to grow 53.97% by 2041.***
+ Net Income: $39,995pa* + GST
+ 2 2025 1 15 + (CPI)
+ + $39,995 * +
+ David ACM
+ 7
+ 115* 3
+ 30 18,200 + Abbotsford 2041 53.97%
*Approx
**GapMaps
***Profile.id
Property History for 419 Victoria St, Abbotsford, VIC 3067
- 25 Sep 2023Sold for $800,000
- 04 Jul 2023Listed for Sale Price on Request
- 25 Sep 1996Sold for $320,000
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About Abbotsford 3067
The size of Abbotsford is approximately 1.8 square kilometres. It has 10 parks covering nearly 14% of total area. The population of Abbotsford in 2011 was 4,907 people. By 2016 the population was 8,193 showing a population growth of 67.0% in the area during that time. The predominant age group in Abbotsford is 20-29 years. Households in Abbotsford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbotsford work in a professional occupation. In 2011, 56.2% of the homes in Abbotsford were owner-occupied compared with 38.8% in 2016.
Abbotsford has 7,795 properties. Over the last 5 years, Houses in Abbotsford have seen a 3.02% increase in median value, while Units have seen a -1.85% decrease. As at 31 October 2024:
- The median value for Houses in Abbotsford is $1,244,710 while the median value for Units is $544,602.
- Houses have a median rent of $700 while Units have a median rent of $590.
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