8 Michaels DriveAlfredton VIC 3350
Property Details for 8 Michaels Dr, Alfredton
Last Listing description (October 2023)
Land Area 3033 sqm (approx)
6 lettable spaces and additional containers all on 1 title
Separately rated and metered for power and water
This is a very unique purchase in Ballarat's heartland commercial area. With 6 sheds currently tenanted (1 by the owner), this investment offers a divested income stream. With 2 containers on site currently let out to existing tenants, the owner has built a 3 bedroom apartment above unit 1 with 3 bedrooms, 1 main bathroom, BIR's in two of the bedrooms and a WIR and ensuite for the master bedroom. The kitchen, meals and living space are open plan with a west facing balcony. Complete with a certificate of occupancy.
The owner has a waiting list of renters looking to take over space it becomes available and the vendor will stay on in unit 1 and lease it back from the purchaser for at least 6 months from settlement (at approx $500 per/week plus OG).
The yield for the investment are outstanding with outgoings paid by each tenant and the ability to re-negotiate some more attractive lease terms in the coming months/years and the chance to lease out or use the residence yourself when the owner vacates.
This is one of those rare and unique investment opportunities that will require a site inspection to appreciate. To request a copy of the contract of sale and a vendor statement with existing leases and agreements, contact Stu Brien from PRD Buninyong on 0416 183 566.
Property History for 8 Michaels Dr, Alfredton, VIC 3350
- 05 Apr 2024Sold for $1,800,000
- 26 Jun 2023Listed for Sale Contact Agent
- 13 Feb 2012Transferred
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/6c4xb2lhz4i65o5cov3m7zumpq?signature=d1ed076928164a6c0df063767e8dccd08dcbd1b7262cf6ddb8f3935d2a2ed0ea){kind=logo}
0/assets/perm/fen3qvac3ii6vnnvjv3qgrjgwm?signature=ad72afa1c8af2bb76a18465e94a57c9219954f725ce31a05fbdd3db9ccebe6ec){kind=logo}
0
/assets/perm/kz3uu4gwtei6vbtpf6kmgpvqiq?signature=a37852b89c6c2de72dbb0541fd59df77dc10129ba47de5e7449ee83521c95248){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Alfredton 3350
The size of Alfredton is approximately 7.9 square kilometres. It has 11 parks covering nearly 12.3% of total area. The population of Alfredton in 2011 was 7,194 people. By 2016 the population was 9,228 showing a population growth of 28.3% in the area during that time. The predominant age group in Alfredton is 10-19 years. Households in Alfredton are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Alfredton work in a professional occupation. In 2011, 75.9% of the homes in Alfredton were owner-occupied compared with 70.6% in 2016.
Alfredton has 6,149 properties. Over the last 5 years, Houses in Alfredton have seen a 27.92% increase in median value, while Units have seen a 17.71% increase. As at 31 October 2024:
- The median value for Houses in Alfredton is $639,543 while the median value for Units is $329,698.
- Houses have a median rent of $460 while Units have a median rent of $360.
Suburb Insights for Alfredton 3350
Market Insights
Alfredton Trends for Houses
N/A
N/A
View TrendN/A
N/A
Alfredton Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
