SOLD
Sold on 10 Aug 2024 for $400,000

29 Augusta Avenue
Campbellfield VIC 3061

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 174m2
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Property Details for 29 Augusta Ave, Campbellfield

Building Type
Commercial
Year Built
2019
Land Size
174m2
Local Government
Hume
Lot/Plan
2/LP75745

Last Listing description (May 2024)

Montera Real Estate is pleased to offer 29 Augusta Ave, Campbellfield For Sale.

29 Augusta Avenue is prominently positioned on the western side of Campbellfield, within the heart of Campbellfield's major retail precinct, walk distance to upfield station and Barry road shopping centre. This single level retail/office building benefits from the street frontages to Augusta Avenue with large front car park spots and rear private car park access.

This property has 4 in-built closed offices, 3 cubicles, 2 showers, a kitchen and a combination of 3 toilets.

It also offers a backyard with a private carpark spot and a storage shed. This property has all around electric security shutters built-in.

There is also an opera unity for investors who are looking to upgrade the property, 29 Augusta Avenue also has pre-approved plans for a 3 bedroom apartment with kitchen, living and bathroom, and office or retail space downstairs. Flexible floor plate with the ability to have two (2) separate tenancies all with their own access and off-street parking.

Property Highlights:

Multiple use for office or retail
Close to train station and local shopping centre
The opportunity to have three (2) tenancies*
Augusta Avenue leads to Sydney road 300m*
Rear access
Onsite carparking
Upfield Train Station 1km*
Upfield shopping centre 1km*
Located between Augusta Avenue, Sydney road and Dunstan Parade.
Currently leased to tenant until 6 February 2023
Tenant pays rent and outgoings + GST
Annual rent reviews fixed at 3% pa.
Rental income $52,800 P.A

For inspections or further details, please contact Raf on 0466 508 979 or Moe on 0466 121 826

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Property History for 29 Augusta Ave, Campbellfield, VIC 3061

A timeline of how this property has performed in the market
Last Sold
$400,000
10 Aug 2024
Listed for Rent
$350/w
28 Nov 2018
  • 10 Aug 2024
    Sold for $400,000
  • 28 May 2024
    Listed for Sale TENANCY OPPORTUNITY OFFICE or RETAIL
  • 12 Feb 2024
    Listed for Sale TENANCY OPPORTUNITY OFFICE or RETAIL
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About Campbellfield 3061

The size of Campbellfield is approximately 12.3 square kilometres. It has 9 parks covering nearly 7.3% of total area. The population of Campbellfield in 2011 was 5,466 people. By 2016 the population was 5,053 showing a population decline of 7.6% in the area during that time. The predominant age group in Campbellfield is 20-29 years. Households in Campbellfield are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Campbellfield work in a trades occupation. In 2011, 69.4% of the homes in Campbellfield were owner-occupied compared with 70.1% in 2016.

Campbellfield has 5,528 properties. Over the last 5 years, Houses in Campbellfield have seen a 6.97% increase in median value, while Units have seen a 1.66% increase. As at 31 October 2024:

  • The median value for Houses in Campbellfield is $544,572 while the median value for Units is $404,778.
  • Houses have a median rent of $515 while Units have a median rent of $390.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Campbellfield on OnTheHouse. According to CoreLogic's data, 103 properties were sold in the past 12 months in Campbellfield.

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