1/3 Gatwick RoadBayswater North VIC 3153
Property Details for 1/3 Gatwick Rd, Bayswater North
Last Listing description (August 2023)
Appleby Commercial is pleased to offer 1/3 Gatwick Road, Bayswater North to the market for sale.
Well located with street frontage, this 538 square metre industrial investment comprises a large warehouse, ground floor showroom and first floor office space. The property is of quality construction and has been well maintained.
The property is securely leased to a quality tenant and is currently returning $55,080 net per annum.
This is an exciting opportunity for investors to consider.
PROPERTY FEATURES:
Building Area - 538 Square Metres
Excellent direct street access
On-Site Car Parking
Air Conditioned Office Areas
Industrial 1 Zone
LEASE DETAILS
Lease commenced: 1/3/2022
Lease term: 3 years
Options: 2 x 3 Years
Reviews: Annual - CPI & Market
$55,080 net per annum
For more information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.
Property History for 1/3 Gatwick Rd, Bayswater North, VIC 3153
- 23 Jul 2023Sold for $1,205,000
- 03 Jul 2023Listed for Sale Contact Agent
- 12 Jan 2022Listed for Rent $51,000 / year
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0About Bayswater North 3153
The size of Bayswater North is approximately 6.6 square kilometres. It has 22 parks covering nearly 6.8% of total area. The population of Bayswater North in 2011 was 8,424 people. By 2016 the population was 8,778 showing a population growth of 4.2% in the area during that time. The predominant age group in Bayswater North is 30-39 years. Households in Bayswater North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater North work in a professional occupation. In 2011, 73.1% of the homes in Bayswater North were owner-occupied compared with 72.9% in 2016.
Bayswater North has 5,201 properties. Over the last 5 years, Houses in Bayswater North have seen a 31.57% increase in median value, while Units have seen a 21.60% increase. As at 31 August 2024:
- The median value for Houses in Bayswater North is $923,060 while the median value for Units is $607,669.
- Houses have a median rent of $580 while Units have a median rent of $495.
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