SOLD
Sold on 13 Dec 2023 for $675,000

12 Langslow Street
Castlemaine VIC 3450

Bedrooms: -
Bathrooms: -
Car spaces: 10
Floor area: 400m2
Land area: 3163m2
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Property Details for 12 Langslow St, Castlemaine

Building Type
Commercial
Floor Size
400m2
Land Size
3163m2
Local Government
Mount Alexander
Lot/Plan
PC358311

Last Listing description (October 2023)

A great affordable investment, located in Winters Flat Industrial business hub, this established property is easily accessible from both the Pyrenees & Midland Highways in central Castlemaine.

The land and property:
- 3,163m2 level land, fenced.

- Neat colour-bond factory-warehouse building approx.. 460m2
- Warehouse 37m x 9.2m plus mezzanine space
- 5 room office-showroom with toilet and tearoom
- Industrial 1 zone and 3 Phase power connection
- 2 Street frontage with gate access on each side
- 600m from Pyrenees Highway
- 1.1km from Midland Highway
- 2.3km from Castlemaine CBD

The Investment:
- Leased to Central Air HVAC and Refrigeration
- Annual rental $33,112 plus GST and Outgoings
- 3-year Lease commenced Sept 2021 with 2 further 3 Year options

Neighboring businesses includes Parsons Motor and Body, Duus Signs, Billmans Foundary, Lot 19, Pyrenees Quarries, Packline Solutions and Kowelec contractors.

Property History for 12 Langslow St, Castlemaine, VIC 3450

A timeline of how this property has performed in the market
Last Sold
$675,000
13 Dec 2023
Listed for Rent
$458/w
10 Oct 2014
  • 13 Dec 2023
    Sold for $675,000
  • 07 Aug 2023
    Listed for Sale $739,000
  • 10 Oct 2014
    Listed for Rent - Price not available
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About Castlemaine 3450

The size of Castlemaine is approximately 20.2 square kilometres. It has 26 parks covering nearly 22.3% of total area. The population of Castlemaine in 2011 was 6,750 people. By 2016 the population was 6,783 showing a population growth of 0.5% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation. In 2011, 70.7% of the homes in Castlemaine were owner-occupied compared with 71% in 2016.

Castlemaine has 4,683 properties. Over the last 5 years, Houses in Castlemaine have seen a 31.89% increase in median value, while Units have seen a 44.02% increase. As at 31 October 2024:

  • The median value for Houses in Castlemaine is $686,519 while the median value for Units is $529,752.
  • Houses have a median rent of $460 while Units have a median rent of $375.
There are currently 41 properties listed for sale, and no properties listed for rent in Castlemaine on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Castlemaine.

Suburb Insights for Castlemaine 3450

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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.