16-20 King StreetAirport West VIC 3042
Property Details for 16-20 King St, Airport West
Last Listing description (August 2020)
CBRE & NSL Property Group are pleased to present 16-20 King Street for sale.
This well-presented 930sqm* office/warehouse (plus yard space) across two titles is nestled in the tightly held commercial pocket of Airport West. It offers a rare opportunity to relocate your business close to Essendon Fields and allows for future expansion, development (STCA), or take advantage of the leaseback opportunity to a well-established business.
Situated just off Matthews Avenue, this property has direct access onto the Tullamarine Freeway, Essendon Fields, and is located 7km from Melbourne Airport and 12km from the CBD.
Property Features Include:
+ Total land area: 2,274 sqm*
+ Total building area: 930sqm*
+ Office area: 124sqm*
+ Warehouse area: 806sqm*
+ Extra yard (own title): 738sqm*
+ Vacant possession or leaseback opportunity available
+ Zoned Commercial 2 providing great flexibility
+ Separately titled
+ Two (2) container height roller doors
+ Dual crossing
+ Three (3) phase power
+ Ample amenities including shower
+ Fourteen (14) on-site car spaces
For further details on this property or your Airport West commercial property needs, please contact the marketing agents Jake George on 0421 221 019 or Guy Naselli on 0413 750 744
*approx.
Property History for 16-20 King St, Airport West, VIC 3042
- 20 Dec 2023Sold for $3,850,000
- 21 Oct 2022Sold for $1,182,500
- 07 Jul 2020Sold for $2,800,000
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0About Airport West 3042
The size of Airport West is approximately 3.9 square kilometres. It has 15 parks covering nearly 7.1% of total area. The population of Airport West in 2011 was 6,958 people. By 2016 the population was 7,544 showing a population growth of 8.4% in the area during that time. The predominant age group in Airport West is 30-39 years. Households in Airport West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Airport West work in a professional occupation. In 2011, 73.9% of the homes in Airport West were owner-occupied compared with 70.7% in 2016.
Airport West has 5,261 properties. Over the last 5 years, Houses in Airport West have seen a 14.98% increase in median value, while Units have seen a 7.55% increase. As at 31 October 2024:
- The median value for Houses in Airport West is $963,029 while the median value for Units is $663,568.
- Houses have a median rent of $585 while Units have a median rent of $540.
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