OFF MARKET

27 Holloway Drive
Bayswater VIC 3153

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1320m2
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Property Details for 27 Holloway Dr, Bayswater

Building Type
Commercial
Land Size
1320m2
Local Government
Knox
Lot/Plan
58/LP94796

Last Listing description (September 2020)

Ray White Commercial Ferntree Gully is delighted to present For Sale, this Freehold Title warehouse which is located just a few minutes from the trains and shops of central Bayswater.

This freehold property offers space and facilities suited to a wide range of commercial applications. The total area of approximately 670sqm* includes the factory/warehouse area as well as staff facilities and a number of office spaces.

Holloway Drive provides easy access to the wide driveway with two (2) 4.3m* high roller doors permitting large vehicle entry into the main factory/warehouse area and includes ten (10) parking spaces for staff and clients.

Currently tenanted by a single tenant returning $55,596 Per Annum + GST and Outgoings on a month by month basis, the building could easily be subdivided to accommodation two (2) separate tenants.

An added bonus is the freehold ownership with no body corporate obligations.

Property Features Include:-

- Building Area: 670sqm*
- Land Area: 1,320sqm*
- Three (3) Phase Power
- Current Net Rent: $55,596 Per Annum
- Ten (10) Parking Spaces
- High Clearance Access
- Male and Female Amenities
- Flexible Office Spaces
- Close to Bayswater Train Station and Shops
- Industrial Zone 1 (IN1Z)

* Approximate

To arrange an inspection or to obtain a copy of the information memorandum and legal documentation, please contact Mitch Rosam or Paul Waterhouse.

Property History for 27 Holloway Dr, Bayswater, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$1,000,000
05 Aug 2020
Listed for Rent
$920/w
21 Oct 2016
  • 05 Aug 2020
    Sold for $1,000,000
  • 28 Oct 2019
    Listed for Sale Contact Agent
  • 23 Jun 2017
    Sold for $1,018,000
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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 9,055 properties. Over the last 5 years, Houses in Bayswater have seen a 13.10% increase in median value, while Units have seen a 16.12% increase. As at 30 November 2024:

  • The median value for Houses in Bayswater is $861,617 while the median value for Units is $653,984.
  • Houses have a median rent of $573 while Units have a median rent of $510.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Bayswater on OnTheHouse. According to CoreLogic's data, 317 properties were sold in the past 12 months in Bayswater.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.