SOLD
Sold on 19 Mar 2024 for $3,700,000

125 Condon Street
Kennington VIC 3550

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5068m2
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Property Details for 125 Condon St, Kennington

Building Type
Commercial
Land Size
5068m2
Local Government
Greater Bendigo
Lot/Plan
7/PS306261

Last Listing description (September 2023)

JLL in conjunction with TSFN are pleased to present EG Ampol Kennington, a secure service station and medical investment with a secure lease to major global fuel group, EG Group, and leading Physiotherapy operator Fusion Physiotherapy.

The property is located within a major retail precinct adjoining ALDI, and just 2km from the Bendigo CBD.

Key details of the opportunity include:
+ Secure head office lease to British EG Group
+ Highly Strategic 5,068sqm* Commercial 1 Zoned Landholding
+ ModernFibreglass tanks and store refurbishment completed in 2015*
+ Located directly opposite Kennington Village Shopping Centre, Strath Village Shopping Centre, McDonald's, and KFC
+ Potential for 50% Stamp Duty Savings

*Approx.

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

JLL
Jarrod Herscu | +61 418 155 062
Tom Noonan | +61 402 319 698
MingXuan Li | +61 498 688 998

TSFN - Bendigo
Tom Harrop | +61 409 014 657

Property History for 125 Condon St, Kennington, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$3,700,000
19 Mar 2024
  • 19 Mar 2024
    Sold for $3,700,000
  • 18 Jul 2023
    Listed for Sale Contact Agent
  • 25 Oct 2018
    Listed for Sale $4,150,000.00
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About Kennington 3550

The size of Kennington is approximately 4 square kilometres. It has 9 parks covering nearly 16.2% of total area. The population of Kennington in 2011 was 5,830 people. By 2016 the population was 5,649 showing a population decline of 3.1% in the area during that time. The predominant age group in Kennington is 20-29 years. Households in Kennington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kennington work in a professional occupation. In 2011, 60.8% of the homes in Kennington were owner-occupied compared with 59.2% in 2016.

Kennington has 3,364 properties. Over the last 5 years, Houses in Kennington have seen a 51.83% increase in median value, while Units have seen a 67.05% increase. As at 31 August 2024:

  • The median value for Houses in Kennington is $603,412 while the median value for Units is $413,998.
  • Houses have a median rent of $450 while Units have a median rent of $410.
There are currently 29 properties listed for sale, and 9 properties listed for rent in Kennington on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Kennington.

Suburb Insights for Kennington 3550

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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.