23 London DriveBayswater VIC 3153
Property Details for 23 London Dr, Bayswater
Last Listing description (May 2024)
Appleby Commercial is pleased to present 23 London Drive, Bayswater to the market for sale by Public Auction to be held on Thursday 16th May at 12pm on-site.
This standalone industrial facility comprises a total floor area of approximately 556 square metres with the current configuration being 510 square metres of warehouse and 46 square metres of office area.
Currently leased until August 2024, the property will be sold as a going concern offering an excellent opportunity to both owner-occupiers and investors with the flexibility to occupy upon lease expiry or negotiate a new lease.
Located within the Bayswater Industrial heartland, the property is positioned along London Drive which is one of Bayswater's most desirable industrial roads/streets.
PROPERTY ATTRIBUTES
+ Total Building Area: 556 m2
+ Land Size: 1000 m2
+ Street Frontage
+ Freehold Title
+ On-Site Parking
+ Excellent Truck & Vehicle Access
+ 3-Phase Power
+ Male & Female Amenities
+ Close to Public Transport & Retail Amenities
LEASE DETAILS
+ Tenant: Window Wise
+ Lease Commenced: 17/08/2020
+ Term: 2 Years
+ Option: 2 Years
+ Lease Expiry: 31/08/2024
+ Current Rental: $48,370 Per Annum, Plus GST, Plus Outgoings
For further information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.
Property History for 23 London Dr, Bayswater, VIC 3153
- 16 May 2024Sold for $1,470,000
- 19 Apr 2024Listed for Sale Contact Agent
- 01 Jul 2014Listed for Rent - Price not available
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About Bayswater 3153
The size of Bayswater is approximately 7.9 square kilometres. It has 17 parks covering nearly 4.5% of total area. The population of Bayswater in 2011 was 11,240 people. By 2016 the population was 11,749 showing a population growth of 4.5% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation. In 2011, 69% of the homes in Bayswater were owner-occupied compared with 65.3% in 2016.
Bayswater has 9,047 properties. Over the last 5 years, Houses in Bayswater have seen a 16.13% increase in median value, while Units have seen a 18.85% increase. As at 31 October 2024:
- The median value for Houses in Bayswater is $859,109 while the median value for Units is $657,475.
- Houses have a median rent of $560 while Units have a median rent of $510.
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