7 Walton StreetAirport West VIC 3042
Property Details for 7 Walton St, Airport West
Last Listing description (November 2023)
POINT OF INTEREST:
The best on the block with a (double) side of corner positioning, this Airport West production facility has exposure served on a silver platter. The current 535 sqm* building has historically been fit for food production with the bones of the layout, food handling areas, and even a cool room and freezer available to offer a similar future. However, the 651 sqm* of land here holds unbridled value in its potential making this asset the ideal investment for a buyer who can develop, or renovate, an industrial build to match the magnitude of the location. And speaking of, youre positioned just metres from the Tullamarine Freeway, Western Ring Road, and the Calder Freeway whilst also being within walking distance to Westfield Airport West. The 59 tram stop is a 3-minute walk from the site, and the Tullamarine Airport and the access to imports and exports is only 6 km* away.
- 651 sqm* in total land area.
- 535 sqm* in total building area.
- Commercial 1 zoning.
- Corner block position with two street frontages,
- 3-4 car spaces allocated at the front of the building.
- 2 km* to the Calder Freeway.
- 1 km* to Western Ring Road.
POINT OF VIEW:
A commercial unicorn: A freehold, single-storey, double-street-frontage corner block sitting next to major arterials. Those in the know have already inquired, and those who are just getting acquainted chop chop.
*Approx.
Pricing excludes GST
Property History for 7 Walton St, Airport West, VIC 3042
- 18 Dec 2023Sold for $1,300,000
- 26 Sep 2023Listed for Sale Contact Agent
- 05 Mar 2015Sold for $700,000
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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 NaN 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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