OFF MARKET

7/381 Bayswater Road
Bayswater VIC 3153

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 309m2
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Property Details for 7/381 Bayswater Rd, Bayswater

Building Type
Commercial
Land Size
309m2
Local Government
Knox
Lot/Plan
7/SP35125

Last Listing description (September 2023)

Appleby Commercial are pleased to offer to the market 7/381 Bayswater Road, Bayswater. This is a great opportunity to secure an industrial investment in a good location with a long-term tenant.

At present the property is leased to Outdoor Education Services Trust T/A Bindaree Outdoors on a 5 year lease which commenced on the 9/8/2021 with two further options of 5 years. The current rental is $25,461.84 per annum plus GST plus outgoings withannual CPI increases and market review at the end of term.


PROPERTY ATTRIBUTES:
-Size: 307 square metres
- Roller door
- Good access
- On site car parking
- Industrial 1

For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.

Property History for 7/381 Bayswater Rd, Bayswater, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$630,000
18 Aug 2023
Listed for Rent
$425/w
11 Apr 2018
  • 18 Aug 2023
    Sold for $630,000
  • 18 Jul 2023
    Listed for Sale Contact Agent
  • 17 Feb 2018
    Listed 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 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.
There are currently 34 properties listed for sale, and 10 properties listed for rent in Bayswater on OnTheHouse. According to CoreLogic's data, 313 properties were sold in the past 12 months in Bayswater.

Suburb Insights for Bayswater 3153

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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.