SOLD
Sold on 29 Jun 2024 for $3,900,000

GROUND FLOOR/8 Treadwell Road
Essendon North VIC 3041

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 237m2
Land area: 608m2
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Property Details for Ground Floor/8 Treadwell Rd, Essendon North

Building Type
Commercial
Floor Size
237m2
Land Size
608m2
Local Government
Moonee Valley
Lot/Plan
346/LP8660

Last Listing description (May 2023)

Stonebridge Property Group is pleased to present for sale 8 Treadwell Road, Essendon North.

The key highlights of the opportunity include:

- A versatile 4-storey 868 sqm* building with open plan office and medical spaces

- Anchored by blue-chip tenant Melbourne Pathology the oldest private pathology practice in Australia and owned by ASX listed company Sonic Healthcare

- Tenanted by three other high performing and longstanding businesses VI Partners, Real Estate Edge, Leed Engineering

- 608 sqm* landholding with surplus land to the rear providing scope for development and value-add opportunities

- 14 on-title car parks providing excellent functionality for tenants

- Current total annual income of $236,071* with fixed 3% annual growth

- 50 m* from highly popular Keilor Road Shopping Precinct and Niddrie Central Shopping Centre, the home to a multitude of national retailers

- Neighbouring and adjacent popular council car parking providing the asset with excellent exposure to pedestrians and passing traffic

*Approximately

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Sarah Xi
0468 320 297

Property Code: 609

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Property History for Ground Floor/8 Treadwell Rd, Essendon North, VIC 3041

A timeline of how this property has performed in the market
Last Sold
$3,900,000
29 Jun 2024
Listed for Rent
$72k/w
01 Nov 2023
  • 29 Jun 2024
    Sold for $3,900,000
  • 01 Mar 2023
    Listed for Sale Contact Agent
  • 06 May 2015
    Listed for Rent $7,200 / year
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About Essendon North 3041

The size of Essendon North is approximately 0.8 square kilometres. It has 4 parks covering nearly 2.5% of total area. The population of Essendon North in 2011 was 2,287 people. By 2016 the population was 2,979 showing a population growth of 30.3% in the area during that time. The predominant age group in Essendon North is 30-39 years. Households in Essendon North are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Essendon North work in a professional occupation. In 2011, 62.1% of the homes in Essendon North were owner-occupied compared with 49.8% in 2016.

Essendon North has 2,412 properties. Over the last 5 years, Houses in Essendon North have seen a 12.60% increase in median value, while Units have seen a -3.41% decrease. As at 30 November 2024:

  • The median value for Houses in Essendon North is $1,384,953 while the median value for Units is $470,619.
  • Houses have a median rent of $550 while Units have a median rent of $480.
There are currently 8 properties listed for sale, and 5 properties listed for rent in Essendon north on OnTheHouse. According to CoreLogic's data, 152 properties were sold in the past 12 months in Essendon north.

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