731-733 Koorlong AvenueIrymple VIC 3498
Property Details for 731-733 Koorlong Ave, Irymple
Last Listing description (June 2017)
Located in the heart of the prime industrial estate in Koorlong Avenue Irymple is this outstanding industrial investment with long term secure lease to long established and iconic styrene manufacturer AndPak.
Executive Summary
Land size - 1.313 ha (3.2 acres)
Zoning - Industrial 1 Zone (IN1Z)
Lease term - 10 years
Commencement date - 1.12.2016
Outgoings - Tenant pays all
Further terms - 3 further terms of 5 years each
Rent reviews - CPI (consumer price index)
Commencing rental - $160,000 per annum plus gst
For a detailed Information Memorandum, please contact Mr Tony Roccisano on 0418 502 101
Property History for 731-733 Koorlong Ave, Irymple, VIC 3498
- 10 May 2024Sold for $2,400,000
- 22 Jun 2017Listed for Sale POA
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About Irymple 3498
The size of Irymple is approximately 64.6 square kilometres. It has 15 parks covering nearly 19.9% of total area. The population of Irymple in 2011 was 5,015 people. By 2016 the population was 5,322 showing a population growth of 6.1% in the area during that time. The predominant age group in Irymple is 10-19 years. Households in Irymple are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Irymple work in a trades occupation. In 2011, 79.5% of the homes in Irymple were owner-occupied compared with 79.5% in 2016.
Irymple has 3,270 properties. Over the last 5 years, Houses in Irymple have seen a 54.57% increase in median value, while Units have seen a 46.00% increase. As at 31 October 2024:
- The median value for Houses in Irymple is $589,403 while the median value for Units is $288,507.
- Houses have a median rent of $510 while Units have a median rent of $325.
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