SOLD
Sold on 21 Jun 2024 for $2,695,575

9 Elsum Avenue
Bayswater North VIC 3153

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2123m2
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Property Details for 9 Elsum Ave, Bayswater North

Building Type
Commercial
Land Size
2123m2
Local Government
Maroondah
Lot/Plan
7/LP12885

Last Listing description (November 2020)

Ray White Commercial Ferntree Gully is delighted to present For Sale by way of Expression of Interest closing 19th of November at 5pm, this warehouse / factory facility which is located just a few minutes from the busy business hub of Bayswater on Canterbury Road.

Total Building Area is 1070m2 *, while the total land size is 2,123m2 *. The facility offers electric roller door access from four (4) points, each with clearance of 4.6m *. Ceiling clearance at the highest point is 7m *. There is lighting throughout the main building as well as three phase power, offices and toilet.

Plenty of off street parking inside the secure front gates is available for staff, customers and other vehicles on the apron at the front of the property. The property is freehold with no body corporate obligations.

The factory comes with a 2 year lease back from the current vendor at $100,000 per annum plus GST and Outgoings.

• Total Building Area 1070 sqm *
• Total Land Area 2,123 sqm *
• Freehold Possession
• Off Street Parking
• 4.6m* Electric Roller Door Access
• Three (3) Phase Power
• Offices and Toilet Facilities
• Two (2) Year Lease Back at $100,000 Per Annum Plus GST & Outgoings
• Industrial 1 Zone (IN1Z)

*Approximate

Property History for 9 Elsum Ave, Bayswater North, VIC 3153

A timeline of how this property has performed in the market
Last Sold
$2,695,575
21 Jun 2024
Listed for Rent
$1.15k/w
28 Sep 2015
  • 21 Jun 2024
    Sold for $2,695,575
  • 11 Nov 2020
    Sold for $1,700,000
  • 13 Oct 2020
    Listed for Sale Expression of Interest
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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 5,231 properties. Over the last 5 years, Houses in Bayswater North have seen a 23.73% increase in median value, while Units have seen a 17.94% increase. As at 31 October 2024:

  • The median value for Houses in Bayswater North is $908,903 while the median value for Units is $610,956.
  • Houses have a median rent of $583 while Units have a median rent of $495.
There are currently 24 properties listed for sale, and 5 properties listed for rent in Bayswater north on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Bayswater north.

Suburb Insights for Bayswater North 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.