SOLD
Sold on 05 Dec 2023 for $7,400,000

35-37 Lakeside Drive
Broadmeadows VIC 3047

Bedrooms: -
Bathrooms: -
Car spaces: 34
Floor area: 3467m2
Land area: 6532m2
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Property Details for 35-37 Lakeside Dr, Broadmeadows

Building Type
Commercial
Floor Size
3467m2
Land Size
6532m2
Local Government
Hume
Lot/Plan
39/PS348064

Last Listing description (May 2021)

An outstanding opportunity to acquire a securely leased industrial investment, home to Ingal Civil which parent company is listed on the New York Stock Exchange, with a market cap of $5.3 billion.

Expressions of Interest close Thursday 13th May 2021 at 2pm

Key property features include:

* Tenant: Industrial Galvanizers Corporation T/as "Ingal Civil"
* Income: $300,000 pa net (Tenant pays all outgoings including land tax and management fees)
* Term: New five (5) year term
* Long established tenant
* Annual 3% fixed increases
* Building area: 3,140 sqm approx.
* Land area: 6,533 sqm approx.

Located in the tightly held MAB Northcorp Business Park. Whilst securely leased, the property offers a future proofed location and exceptional existing structure on a substantial land holding.

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Property History for 35-37 Lakeside Dr, Broadmeadows, VIC 3047

A timeline of how this property has performed in the market
Last Sold
$7,400,000
05 Dec 2023
Listed for Rent
$5.45k/w
10 Feb 2010
  • 05 Dec 2023
    Sold for $7,400,000
  • 14 May 2021
    Sold for $6,300,000
  • 12 Apr 2021
    Listed for Sale Contact Agent
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About Broadmeadows 3047

The size of Broadmeadows is approximately 8.4 square kilometres. It has 13 parks covering nearly 14.2% of total area. The population of Broadmeadows in 2011 was 10,579 people. By 2016 the population was 11,981 showing a population growth of 13.3% in the area during that time. The predominant age group in Broadmeadows is 20-29 years. Households in Broadmeadows are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broadmeadows work in a labourer occupation. In 2011, 56.3% of the homes in Broadmeadows were owner-occupied compared with 47.1% in 2016.

Broadmeadows has 6,319 properties. Over the last 5 years, Houses in Broadmeadows have seen a 6.56% increase in median value, while Units have seen a 4.16% increase. As at 31 October 2024:

  • The median value for Houses in Broadmeadows is $573,869 while the median value for Units is $426,525.
  • Houses have a median rent of $480 while Units have a median rent of $468.
There are currently 27 properties listed for sale, and 16 properties listed for rent in Broadmeadows on OnTheHouse. According to CoreLogic's data, 263 properties were sold in the past 12 months in Broadmeadows.

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