7 Borrack SquareAltona North VIC 3025
Property Details for 7 Borrack Sq, Altona North
Last Listing description (September 2024)
Rare double storey building in a tightly held location. Retail shop downstairs (80m approx.) and a separate open plan apartment upstairs (80m approx.), with associated amenities and abundant car parking.
Located in Melbourne's surging Inner West and centrally positioned within Altona North and Borrack Square's bustling precinct servicing the emerging and growing residential catchment. Conveniently located adjacent to occupiers such as Woolworths, Commonwealth Bank, Chemist Warehouse, Australia Post and BWS.
Situated only moments away from public transport, local parks, Primary and Secondary schools, and easy access to the West Gate Freeway.
Currently leased to 2 tenants on a month-to-month basis. Ideal for the astute investor, with both tenants wishing to sign new leases. Or alternatively ideal for an owner occupier - work downstairs and live upstairs. Or why not occupy one space and continue to lease the other?
Current rental return is:
$30.628 (incl GST) per annum for the ground floor retail shop &
$19,360 (incl GST) per annum for the upstairs office space.
Call today for an inspection
Property History for 7 Borrack Sq, Altona North, VIC 3025
- 27 May 2024Listed for Sale Contact Agent
- 21 Feb 2017Listed for Rent $250 / week
- 10 Jul 2010Listed for Rent $20,800 / year
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0About Altona North 3025
The size of Altona North is approximately 14.1 square kilometres. It has 21 parks covering nearly 18.9% of total area. The population of Altona North in 2011 was 11,378 people. By 2016 the population was 12,155 showing a population growth of 6.8% in the area during that time. The predominant age group in Altona North is 30-39 years. Households in Altona North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona North work in a professional occupation. In 2011, 68.1% of the homes in Altona North were owner-occupied compared with 66.1% in 2016.
Altona North has 7,697 properties. Over the last 5 years, Houses in Altona North have seen a 9.41% increase in median value, while Units have seen a 24.78% increase. As at 30 September 2024:
- The median value for Houses in Altona North is $867,270 while the median value for Units is $778,386.
- Houses have a median rent of $600 while Units have a median rent of $625.
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