6/223 Bridge RoadCobblebank VIC 3338
Property Details for 6/223 Bridge Rd, Cobblebank
Last Listing description (November 2023)
Burgess Rawson are delighted to present to the market Your Choice Liquor at 6,223 Bridge Road, Cobblebank (Melton) VIC for sale by Investment Portfolio Auction 165.
This investment has the following highlights:
+ Long 10-year lease to March 2033 plus options to 2043.
+ Strong and certain rental growth with annual fixed 4% increases.
+ Prime 131sqm* bottle shop with cold room storage plus frontage and exposure to 124 public car spaces.
+ Strategically positioned adjoining supermarket, and complimented by surrounding users Domino's, restaurants, cafe's and more.
+ Brand new build providing significant tax saving depreciation benefits.
+ Central to Coles, Cobblebank Railway Station, Statullah Primary School, Aspire Childcare Centres, Cobblebank Stadium and the Atherstone Athletics Centre.
+ Future $900M Melton Hospital: 600 metres* from the subject property, 274+ beds, 24 hour emergency department expected to create more than 700 - 1,700 direct and indirect jobs during construction.**
+ City of Melton: Booming Melbourne growth suburb, 98% forecast population growth by 2051.***
+ Net income: $62,225 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms Melbourne
For more information, please contact the exclusive selling agents below:
SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
*Approx
**VHBA
***Forecast.id
Property History for 6/223 Bridge Rd, Cobblebank, VIC 3338
- 06 Dec 2023Sold for $1,030,000
- 09 Nov 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 2,205 properties. Over the last 5 years, Houses in Cobblebank have seen a 31.81% increase in median value. As at 31 October 2024:
- The median value for Houses in Cobblebank is $637,373 while the median value for Units is $457,243.
- Houses have a median rent of $470.
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