SOLD
Sold on 27 Mar 2024 for $3,060,000

1 Messmate Street
Lalor VIC 3075

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 82m2
Land area: 627m2
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Property Details for 1 Messmate St, Lalor

Building Type
Commercial
Year Built
2015
Floor Size
82m2
Land Size
627m2
Local Government
Whittlesea
Lot/Plan
1/TP637008

Last Listing description (November 2023)

Aston Commercial are pleased to offer 1 Messmate Street, Lalor for Private Sale.

This freehold investment comprises a premium multi-purpose Medical Centre designed to meet the exacting standards of the local community and growing location.

Securely leased, the tenant is a subsidiary of Sonic Health Care and forms part of the national IPN Medical centres network. IPN is Australia's largest operator of Medical Centres and provider of quality management services and facilities for Doctors.

Medical assets have proven themselves to be secure and long term investment plays. Recent events have only reinforced this view. Healthcare provides secure yields, driving long term growth even during times of economic downturn.

This is clearly endorsed by the current tenant recently renewing their option and committing to a future term.

1 Messmate Street is superbly positioned on a triple frontage block only 17km's from the CBD within the fast growing region of Melbourne's North.

Property Features:

Long standing tenant trading in the area since 1973
On-site staff parking

Aston Commercial strongly recommend this quality long term investment for your serious consideration.

To arrange an inspection or for more information, please contact the exclusive selling agents.

*approx

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Property History for 1 Messmate St, Lalor, VIC 3075

A timeline of how this property has performed in the market
Last Sold
$3,060,000
27 Mar 2024
  • 27 Mar 2024
    Sold for $3,060,000
  • 21 Sep 2022
    Listed for Sale $3,800,000
  • 07 May 2020
    Listed for Sale 640,000- 660,000
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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of total area. The population of Lalor in 2011 was 19,873 people. By 2016 the population was 22,612 showing a population growth of 13.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a trades occupation. In 2011, 73.6% of the homes in Lalor were owner-occupied compared with 70.6% in 2016.

Lalor has 9,935 properties. Over the last 5 years, Houses in Lalor have seen a 18.96% increase in median value, while Units have seen a 20.43% increase. As at 30 September 2024:

  • The median value for Houses in Lalor is $689,075 while the median value for Units is $500,001.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 59 properties listed for sale, and 28 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 372 properties were sold in the past 12 months in Lalor.

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