SOLD
Sold on 18 Dec 2023 for $12,200,000

188-194 Colchester Road
Bayswater North VIC 3153

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 14197m2
Land area: 14222m2
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Property Details for 188-194 Colchester Rd, Bayswater North

Building Type
Commercial
Floor Size
14197m2
Land Size
14222m2
Local Government
Maroondah
Lot/Plan
1/PS445698

Last Listing description (April 2013)

IMPRESSIVE INVESTMENT WITH A TWIST
- VERSATILE INDUSTRIAL FACILITY
- FUTURE OCCUPATION OR DEVELOPMENT

- CLOSE TO EASTLINK
Bayswater is located 28 kilometers east of Melbourne's CBD. It is one of Melbourne's prime business hubs employing 10% of the workforce of the local council district.
The property is located on the western side of Colchester Rd close to the intersection of Canterbury Rd.
The area has benefitted from the completion of EastLink which provides easy access to the City, Dandenong, Frankston and other freeways.
Features include:
* Total land area: 14,197m2 approx
* Mix of office and huge high clearance warehouse - 6,299m2 approx
* 5 + 5 year lease commenced September 2011
* Rental of $382,572 per annum net plus GST
* Site includes rear land of 2,707m2 approx prime for development of small warehouses
* Rear land currently leased for $1,500 per month, on monthly tenancy
THIS IS AN IMPRESSIVE INVESTMENT WITH A DEVELOPMENT TWIST
NB: All information and areas are approximates, purchasers should make their own enquires.
For further information please contact Matt Nichols on 0418 186 488 or Matt Spicer on 0448 567 403.

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Property History for 188-194 Colchester Rd, Bayswater North, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$12,200,000
18 Dec 2023
  • 18 Dec 2023
    Sold for $12,200,000
  • 27 Feb 2015
    Sold for $5,225,000
  • 02 May 2012
    Listed for Sale Not Disclosed

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About 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 5,187 properties.

    There are currently 18 properties listed for sale, and 6 properties listed for rent in Bayswater north on OnTheHouse. According to CoreLogic's data, 180 properties were sold in the past 12 months in Bayswater north.

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