4/223 Bridge RoadCobblebank VIC 3338
Property Details for 4/223 Bridge Rd, Cobblebank
Last Listing description (September 2023)
Burgess Rawson is delighted to offer to the market the Eagle Kebab restaurant at 4/223 Bridge Road Cobblebank for sale via Investment Portfolio Auction 163.
The investment has the following highlights:
+ Brand new 5 year lease to March 2028 plus options to 2038.
+ Eagle Kebab: thriving new restaurant open 7 days a week with 5 star Google reviews.
+ Prime 94sqm* retail shop with frontage and exposure to 124 public car spaces.
+ Brand new construction providing tax saving depreciation benefits.
+ Landlord preferred net lease terms with tenant paying all usual outgoings.
+ Annual fixed 3% rent increases.
+ Position perfect: central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre.
+ Surrounded by booming infrastructure including the future $900M Government funded Melton Hospital, only 600 metres from the property, 274+ beds and 700 1,700 jobs created.**
+ City of Melton: recognised as one of Australia's fastest growing areas with population anticipated to surge to over 416,000 by 2051, a 98% increase. ***
+ Net Income: $47,000 pa* + GST.
*Approx
**VHBA
***Forecast.id
For further information, please contact the agents via the contact details below.
Shaun Venables
+61 411 860 865
svenables@burgessrawson.com.au
David Napoleone
+61 417 308 067
dnapoleone@burgessrawson.com.au
Romanor Falconer
+61 413 830 808
rfalconer@burgessrawson.com.au
Limin Qiao
+61 447 288 323
lqiao@burgessrawson.com.au
Property History for 4/223 Bridge Rd, Cobblebank, VIC 3338
- 14 Sep 2023Sold for $815,000
- 18 Aug 2023Listed for Sale Price on Request
- 25 May 2023Listed for Sale Price on Request
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About Cobblebank 3338
The size of Cobblebank is approximately 8.7 square kilometres. It has 7 parks covering nearly 3.6% of total area. The population of Cobblebank in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Cobblebank is 30-39 years. Households in Cobblebank are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cobblebank work in a trades occupation. In 2011, 65.9% of the homes in Cobblebank were owner-occupied compared with 63.7% in 2016.
Cobblebank has 2,211 properties. Over the last 5 years, Houses in Cobblebank have seen a 36.65% increase in median value. As at 31 July 2024:
- The median value for Houses in Cobblebank is $639,504 while the median value for Units is $439,640.
- Houses have a median rent of $460.
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