SOLD
Sold on 02 Feb 2024 for $2,400,000

47 Bassetts Road
Doreen VIC 3754

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 103m2
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Sold By
Burgess Rawson VIC Pty Ltd
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Property Details for 47 Bassetts Rd, Doreen

Building Type
Commercial
Land Size
103m2
Local Government
Whittlesea
Lot/Plan
CM1/PS842016

Last Listing description (November 2023)

Burgess Rawson are delighted to offer to the market the Crustic Pizza & Pasta at G3/47-49 Bassetts Road, Doreen VIC for sale via Investment Portfolio Auction 165.

This investment has the following key highlights:

+ Long 10 year lease to December 2032 plus options to 2042.

+ Crustic Pizza & Pasta: New and exciting restaurant, ran by established and successful restaurateurs offering in mobile app-ordering, dine in, takeaway and delivery options.
+ Prime 103sqm* retail premises with indoor seating and expansive commercial kitchen.
+ Located within the 'Vantage Central' neighbourhood retail centre supported by complimentary restaurants and directly fronting 15 public car parks.
+ Tenant pays all usual outgoings, excluding land tax.
+ Strong and certain rental growth with 3% annual increases.
+ New build, providing significant tax depreciation benefits.
+ Strategic corner position, adjacent to multi- unit development, only 1.2km* from Mernda Railway Station and 450m* from Ivanhoe Grammar, Plenty Campus.
+ Direct access to Bridge Inn Road (350m*) via Bassetts Road, with 9,500 vehicles passing daily.**
+ City of Whittlesea: one of Australia's fastest growing LGA's, forecast to grow in population by 55% to 360,691 residents by 2041.***
+ Net Income: $52,530 pa* + GST.

To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms Melbourne

*Approx
**GapMaps
***forecast.id

For further information, please contact the exclusive selling agents below:

SHAUN VENABLES
0411 860 865
svenables@burgessrawson.com.au

ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au

JUSTIN KRAMERSH
0460 349 605
jkramersh@burgessrawson.com.au

JORDAN BELL
0497 844 705
jbell@burgessrawson.com.au

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Property History for 47 Bassetts Rd, Doreen, VIC 3754

A timeline of how this property has performed in the market
Last Sold
$2,400,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $2,400,000
  • 15 Dec 2023
    Sold for $885,000
  • 15 Dec 2023
    Sold for $805,000
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About Doreen 3754

The size of Doreen is approximately 32.4 square kilometres. It has 96 parks covering nearly 7.9% of total area. The population of Doreen in 2011 was 11,276 people. By 2016 the population was 21,292 showing a population growth of 88.8% in the area during that time. The predominant age group in Doreen is 0-9 years. Households in Doreen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Doreen work in a professional occupation. In 2011, 86% of the homes in Doreen were owner-occupied compared with 76.1% in 2016.

Doreen has 11,910 properties. Over the last 5 years, Houses in Doreen have seen a 30.02% increase in median value, while Units have seen a 22.43% increase. As at 30 September 2024:

  • The median value for Houses in Doreen is $789,810 while the median value for Units is $547,534.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 80 properties listed for sale, and 19 properties listed for rent in Doreen on OnTheHouse. According to CoreLogic's data, 511 properties were sold in the past 12 months in Doreen.

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