54 Barry StreetBayswater VIC 3153
Property Details for 54 Barry St, Bayswater
Last Listing description (September 2023)
Appleby Commercial is pleased to offer 54 Barry Street, Bayswater to the market for sale by Expressions of Interest closing Thursday 17th August 2023 at 2pm AEST (unless sold prior).
The property is located within the heart of the Bayswater Industrial Precinct on the corner of Barry Street and Reid Street allowing for multiple access points to the warehouse.
The warehouse is currently leased to Industrial Food Services Pty Ltd who have occupied the property for over 10 years and still have over 9 years remaining on their lease.
Property Features:
+ Building Area: 1,109m2
+ Land Area: 2,258m2
+ Two Street Frontages
+ 3 Roller Doors
+ Large 3 Phase Power Supply
Lease Details:
+ Lease Commencing: 01/01/2023
+ Lease Term: 10 years
+ Current Rental: $131,760 + GST & Outgoings p.a.
+ Reviews: Annual CPI or 3% whichever is greater.
For further information or to arrange an inspection contact Appleby Commercial today!
Property History for 54 Barry St, Bayswater, VIC 3153
- 18 Aug 2023Sold for $2,700,000
- 20 Jul 2023Listed for Sale Contact Agent
- 03 Jul 2011Listed for Sale 1325000
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0About 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 8,931 properties. Over the last 5 years, Houses in Bayswater have seen a 22.59% increase in median value, while Units have seen a 29.02% increase. As at 31 July 2024:
- The median value for Houses in Bayswater is $830,438 while the median value for Units is $642,691.
- Houses have a median rent of $550 while Units have a median rent of $500.
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