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Sold on 20 Nov 2023 - Price Unavailable

2/25-41 Redwood Drive
Dingley Village VIC 3172

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
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Property Details for 2/25-41 Redwood Dr, Dingley Village

Building Type
Commercial
Floor Size
400m2
Local Government
Kingston
Lot/Plan
1/SP29146

Last Listing description (November 2023)

This unique property offers a spacious 400m² of prime space, perfectly divided into a 1/2 office, 1/2 warehouse layout.

Step into a well-appointed, 200m² office area that's designed to inspire productivity and professionalism.

The equally generous 200m² warehouse area with rear access provides ample room for storage, manufacturing, or distribution.

• Current tenancy commenced on 1st August 2017
• Current rent is $48,583 per annum, plus GST, and outgoings (excluding land tax).
• Annual CPI rent increases.
• The current lease term is for five years, set to expire on 31st July 2027

Nestled in the highly regarded Sandlake Estate in the thriving Dingley Village, this property offers more than just exceptional space. Its strategic location provides easy access to all major arterial roads, making it a breeze to connect with key business hubs, suppliers, and customers.

Don't miss this rare find for your personal super fund or long-term retirement plans!

Please contact your local agent, Steve Aylen for more information.

Property History for 2/25-41 Redwood Dr, Dingley Village, VIC 3172

A timeline of how this property has performed in the market
Last Sold
20 Nov 2023
Listed for Rent
$767/w
18 Jul 2017
  • 15 Nov 2023
    Sold for $1,000,000
  • 09 Nov 2023
    Listed for Sale $1,000,000
  • 07 Jun 2017
    Listed for Rent $40,000 / year
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About Dingley Village 3172

The size of Dingley Village is approximately 7.9 square kilometres. It has 19 parks covering nearly 18% of total area. The population of Dingley Village in 2011 was 10,186 people. By 2016 the population was 10,329 showing a population growth of 1.4% in the area during that time. The predominant age group in Dingley Village is 40-49 years. Households in Dingley Village are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dingley Village work in a professional occupation. In 2011, 86.5% of the homes in Dingley Village were owner-occupied compared with 86.4% in 2016.

Dingley Village has 4,475 properties. Over the last 5 years, Houses in Dingley Village have seen a 35.40% increase in median value, while Units have seen a 11.60% increase. As at 31 October 2024:

  • The median value for Houses in Dingley Village is $1,102,187 while the median value for Units is $718,981.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Dingley village on OnTheHouse. According to CoreLogic's data, 155 properties were sold in the past 12 months in Dingley village.

Suburb Insights for Dingley Village 3172

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Contact agent
Steve Aylen
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Patrick Morrison
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Morrison Commercial
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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.