SOLD
RECENT ADVICE
Sold on 29 Apr 2024 for $2,075,000

45 Hamilton Street
Gisborne VIC 3437

Bedrooms: -
Bathrooms: -
Car spaces: 8
Floor area: 426m2
Land area: 610m2
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Property Details for 45 Hamilton St, Gisborne

Building Type
Commercial
Floor Size
426m2
Land Size
610m2
Local Government
Macedon Ranges
Lot/Plan
3/LP31216

Last Listing description (April 2024)

Discover an outstanding commercial opportunity right in the heart of Gisborne's Central Business District. This two-level building is currently securely tenanted with two thriving businesses, offering an annual combined return that exceeds $120,000 per year.

• Two-Level Building Securely Tenanted with Two Established Businesses
• Annual Combined Return Exceeds $120,000 (Plus GST and Outgoings)

• Generous Land Size: 623m²
• Spacious Building. Approximately 426m²
• 8 Onsite Parking Spaces

This property presents an incredible investment opportunity, providing a substantial annual return and the security of two dependable tenants. Whether you're an experienced investor or new to the commercial real estate market, this property offers a sound and reliable investment opportunity.

Located in the bustling heart of Gisborne's CBD, this property benefits from a prime location with high foot traffic and excellent visibility. It's surrounded by a thriving community of businesses, shops, restaurants, and cafes, making it a strategic choice for any commercial venture.

Don't let this fantastic commercial opportunity in Gisborne's CBD pass you by.

Contact us today to arrange a viewing or obtain additional information about this exceptional property.

To view the Depreciation Schedule & Information Memorandum copy & paste the following link - https://vltre.co/eyxkYK

Property History for 45 Hamilton St, Gisborne, VIC 3437

A timeline of how this property has performed in the market
Last Sold
$2,075,000
29 Apr 2024
  • 10 Apr 2024
    Sold for $2,075,000
  • 01 Nov 2023
    Listed for Sale $2,250,000
  • 13 Apr 2013
    Sold for $420,000
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About Gisborne 3437

The size of Gisborne is approximately 96.4 square kilometres. It has 33 parks covering nearly 38.2% of total area. The population of Gisborne in 2011 was 7,289 people. By 2016 the population was 8,982 showing a population growth of 23.2% in the area during that time. The predominant age group in Gisborne is 0-9 years. Households in Gisborne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gisborne work in a professional occupation. In 2011, 79.7% of the homes in Gisborne were owner-occupied compared with 80.2% in 2016.

Gisborne has 5,617 properties. Over the last 5 years, Houses in Gisborne have seen a 33.33% increase in median value, while Units have seen a 26.49% increase. As at 31 August 2024:

  • The median value for Houses in Gisborne is $1,047,302 while the median value for Units is $561,869.
  • Houses have a median rent of $630 while Units have a median rent of $450.
There are currently 101 properties listed for sale, and 19 properties listed for rent in Gisborne on OnTheHouse. According to CoreLogic's data, 218 properties were sold in the past 12 months in Gisborne.

Suburb Insights for Gisborne 3437

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David Oliver
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Raine & Horne Gisborne
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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.