16-18 Windsor RoadCroydon VIC 3136
Property Details for 16-18 Windsor Rd, Croydon
Last Listing description (October 2020)
Prominently located on the corner of Windsor Road & Jackson Street in tightly held central Croydon, this exciting property lends itself to a variety of uses including, investment, development, and options for owner to occupy the space.
Land area: 1,815m2
Building area: 960m2
The property is comprised of 3 separate tenancies: two currently leased returning $57,593.16 + GST , and the third and largest of the tenancies is currently vacant but expected to achieve approximately $49,000 pa + GST.
Total anticipated rental $106,000 + GST + Outgoings
Tenancy Information:
Unit 1: 230m2
Tenant: All About Window Tinting
Rent: $25,769.16 + GST + Outgoings
Term: 2 years
Start date: 1/3/2019
Units 2 & 3: 460m2
Vacant
Anticipated rent: $49,000 + GST + Outgoings
Unit 4: 270m2
Tenant: Col's Mower Service
Rent: $31,824 + GST
Term: 3 years
Start date: 1/7/2019
Property History for 16-18 Windsor Rd, Croydon, VIC 3136
- 17 Jun 2024Sold for $2,101,000
- 06 Oct 2020Sold for $1,350,000
- 22 May 2020Listed for Sale $1,590,000
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0About Croydon 3136
The size of Croydon is approximately 14.1 square kilometres. It has 52 parks covering nearly 13.7% of total area. The population of Croydon in 2011 was 23,552 people. By 2016 the population was 26,958 showing a population growth of 14.5% in the area during that time. The predominant age group in Croydon is 30-39 years. Households in Croydon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon work in a professional occupation. In 2011, 71.3% of the homes in Croydon were owner-occupied compared with 70.1% in 2016.
Croydon has 15,748 properties. Over the last 5 years, Houses in Croydon have seen a 20.68% increase in median value, while Units have seen a 14.82% increase. As at 31 October 2024:
- The median value for Houses in Croydon is $934,634 while the median value for Units is $661,302.
- Houses have a median rent of $600 while Units have a median rent of $550.
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