SOLD
Sold on 23 Feb 2024 for $1,200,000

11/5 Scanlon Drive
Epping VIC 3076

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 332m2
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Property Details for 11/5 Scanlon Dr, Epping

Building Type
Commercial
Land Size
332m2
Local Government
Whittlesea
Lot/Plan
35/PS823525

Last Listing description (October 2023)

NAI Harcourts are pleased to exclusively present 11/5 Scanlon Drive, Epping for Sale.

Near new state of the art office & warehouse comprise of the following:

- Total building area: 377sqm*

- Warehouse area: 294sqm*
- Upstairs Office Area: 83sqm*
- Ground floor amenities includes appoxy reception area, hardwood timber staircase, bathroom and kitchenette
- Upstairs Office area offers floor to ceiling sheers, separate kitchenette, fully carpeted, Heating & Cooling.
- Clear span warehouse area & Showroom area
- Container Height Roller Door with internal Bollards
- Security System with Alarm, CCTV & Remote access to roller door and alarm
- Multiple car spaces
- Three phase power supply
- Currently returning approx. $60,000 per annum (Can be offered with vacant possession also)

Positioned within the heart of Epping's sought-after industrial precinct, the site is strategically located offering immediate access and excellent transport linkages to Edgars Road, Hume Freeway, Cooper Street and O'Herns Road. The location also benefits from close proximity to the Melbourne Fruit & Vegetable Wholesale Market, Mantra Hotel, Northern Hospital, Epping Plaza Shopping Centre, and strong residential catchments.

*Approx.
**Outlines indicative only.

Property History for 11/5 Scanlon Dr, Epping, VIC 3076

A timeline of how this property has performed in the market
Last Sold
$1,200,000
23 Feb 2024
  • 23 Feb 2024
    Sold for $1,200,000
  • 19 Oct 2023
    Listed for Sale $1,300,000
  • 10 Sep 2020
    Sold for $715,000

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About Epping 3076

The size of Epping is approximately 33.7 square kilometres. It has 107 parks covering nearly 17.6% of total area. The population of Epping in 2011 was 26,345 people. By 2016 the population was 32,397 showing a population growth of 23.0% in the area during that time. The predominant age group in Epping is 30-39 years. Households in Epping are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Epping work in a clerical occupation. In 2011, 74.6% of the homes in Epping were owner-occupied compared with 68.7% in 2016.

Epping has 16,529 properties. Over the last 5 years, Houses in Epping have seen a 23.55% increase in median value, while Units have seen a 23.40% increase. As at 31 October 2024:

  • The median value for Houses in Epping is $708,694 while the median value for Units is $494,285.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 98 properties listed for sale, and 64 properties listed for rent in Epping on OnTheHouse. According to CoreLogic's data, 573 properties were sold in the past 12 months in Epping.

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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.