SOLD
Sold on 02 Apr 2024 for $585,000

81 Pynsent Street
Horsham VIC 3400

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 137m2
Land area: 312m2
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Property Details for 81 Pynsent St, Horsham

Building Type
Commercial
Floor Size
137m2
Land Size
312m2
Local Government
Horsham
Lot/Plan
1/SP25346

Last Listing description (April 2024)

Located on a busy, high profile site within the Horsham CBD this outstanding retail / commerce property represents an opportunity to secure a quality investment property in the tightly held Horsham commercial property market with outstanding exposure on a prominent corner site opposite the busy Horsham Plaza attracting high volumes of passing vehicle and pedestrian traffic.

Comprising a total site area of 312 m2 the property is currently tenanted on a single lease but affords the opportunity to be leased as two seperate shopfronts if required in the future and has the benefit of two allocated off street car parks.

Currently leased to a long term, established tenant the property offers excellent return on investment and security to long term investors.

LEASE DETAILS:
Commencement Date: 1st July 2023.
Commencement Rental: $36,000 per annum (excluding GST)
Lease Term: Two (2) years.
Lease Options: Two (2) further terms of Two (2) years.

Property History for 81 Pynsent St, Horsham, VIC 3400

A timeline of how this property has performed in the market
Last Sold
$585,000
02 Apr 2024
Listed for Rent
$24k/w
10 Oct 2023
  • 02 Apr 2024
    Sold for $585,000
  • 24 Jan 2024
    Listed for Sale $625,000
  • 21 Feb 2022
    Listed for Rent - Price not available
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About Horsham 3400

The size of Horsham is approximately 23.9 square kilometres. It has 42 parks covering nearly 6.4% of total area. The population of Horsham in 2011 was 14,284 people. By 2016 the population was 14,550 showing a population growth of 1.9% in the area during that time. The predominant age group in Horsham is 20-29 years. Households in Horsham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horsham work in a professional occupation. In 2011, 66.8% of the homes in Horsham were owner-occupied compared with 66.3% in 2016.

Horsham has 9,431 properties. Over the last 5 years, Houses in Horsham have seen a 59.15% increase in median value, while Units have seen a 47.15% increase. As at 31 October 2024:

  • The median value for Houses in Horsham is $364,865 while the median value for Units is $306,869.
  • Houses have a median rent of $395 while Units have a median rent of $340.
There are currently 120 properties listed for sale, and 33 properties listed for rent in Horsham on OnTheHouse. According to CoreLogic's data, 399 properties were sold in the past 12 months in Horsham.

Suburb Insights for Horsham 3400

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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.