45 Hamilton StreetGisborne VIC 3437
Property Details for 45 Hamilton St, Gisborne
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)
• 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
- 10 Apr 2024Sold for $2,075,000
- 01 Nov 2023Listed for Sale $2,250,000
- 13 Apr 2013Sold for $420,000
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0About 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 5,647 properties. Over the last 5 years, Houses in Gisborne have seen a 27.70% increase in median value, while Units have seen a 8.61% increase. As at 31 October 2024:
- The median value for Houses in Gisborne is $1,025,185 while the median value for Units is $532,030.
- Houses have a median rent of $630 while Units have a median rent of $483.
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