SOLD
Sold on 19 Sep 2023 for $1,650,000

8 Killara Road
Campbellfield VIC 3061

Bedrooms: 1
Bathrooms: -
Car spaces: -
Land area: 897m2
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Sold By
Branko Agatanovic
Love Commercial
Anwar Kattan
Love Commercial
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Property Details for 8 Killara Rd, Campbellfield

Building Type
Commercial
Land Size
897m2
Local Government
Hume
Lot/Plan
41/LP126069

Last Listing description (October 2023)

Love & Co are pleased to present 8 Killara Road Campbellfield to you.
This Excellent, stand-alone warehouse /office is in a much sought-after location.
Property is a Securely tenanted 735 m2 warehouse which is superbly positioned close to Barry Road Campbellfield and is within easy travel time to Sydney Road and the Melbourne Ring Road.

Property is provided with a significant level of 3 phase power with tenant operating a vibrant cabinet making business. Offices and work areas are over 2 levels with Office/Showroom to front and mezzanine work area to rear.

The property is complimented by a range of features including:
* 735 m2 approx. warehouse/factory with 6.7 meter clearance. [Warehouse 544 m2, office 53.5 m2, mezzanine 139 m2 approx.]
* Securely tenanted on 5 x 5-year lease. To read on 5 year lease + 1 x 5 further term
* Zoned Industrial 1.
* Securely gated 4 car spaces
* Significant 3 phase power.
* Securely tenanted on 5 x 5-year lease.

Currently Leased on following terms & conditions.
Lease commencement: 30/5/2022
Lease Term. Five [5] Years
Further Terms: One [1] x 5 Years
Current Rental: $96,000.00 pa incl GST
Rent Increases: 3% pa
Market Review: 30/6/2027

Due diligence checklist - for home and residential property buyers http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 8 Killara Rd, Campbellfield, VIC 3061

A timeline of how this property has performed in the market
Last Sold
$1,650,000
19 Sep 2023
  • 19 Sep 2023
    Sold for $1,650,000
  • 06 Sep 2023
    Listed for Sale Contact Agent
  • 08 May 2021
    Sold for $419,999
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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 5,570 properties. Over the last 5 years, Houses in Campbellfield have seen a 12.06% increase in median value, while Units have seen a 6.83% increase. As at 31 August 2024:

  • The median value for Houses in Campbellfield is $559,594 while the median value for Units is $423,334.
  • Houses have a median rent of $510 while Units have a median rent of $370.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Campbellfield on OnTheHouse. According to CoreLogic's data, 113 properties were sold in the past 12 months in Campbellfield.

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