24/22 Mckimmies RoadLalor VIC 3075
Property Details for 24/22 Mckimmies Rd, Lalor
Last Listing description (November 2023)
The Phone Code for this property is: 97691. Please quote this number when phoning or texting.
Price $950,000
22 Mckimmies Road, Lalor, Vic 3075
A freehold shop is for sale, with the tenant providing rental income.
40-year-old established bakery business generating rental income.
Rental income of $52,800, including GST
The tenant will pay all outgoings (expenses).
Annual rent increase: 3%
Rent review every five years.
Secured lease agreement for 5+5+5
The Shop size is approximately 120 sqm.
The shop has a toilet and storage area.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 24/22 Mckimmies Rd, Lalor, VIC 3075
- 09 Jan 2024Sold for $875,000
- 18 Oct 2023Listed for Sale $950,000
- 04 Apr 2001Sold for $190,000
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0About 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 9,923 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.
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