OFF MARKET

4 Mosaic Drive
Lalor VIC 3075

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 183m2
Land area: 663m2
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Property Details for 4 Mosaic Dr, Lalor

4 Mosaic Dr, Lalor is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 663m2 and floor size of 183m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
House
Year Built
2011
Floor Size
183m2
Land Size
663m2
Local Government
Whittlesea
Lot/Plan
112/PS622410

Last Listing description (October 2024)

- Secure Leases To Established Tenants
- Within Strong Residential Catchment

Ray White is delighted to offer for private sale, an excellent investment property located within Lalor's busy Mosaic Village.

- Well positioned within the desirable Mosaic Living Estate, opposite popular Gilwell Park and surrounded by a strong and growing residential catchment
- Mosaic Village is anchored by Nino Early Learning Adventures and comprises eateries, gym and mini supermarket
- Two (2) well presented shops 4 & 5, fully self-contained ground floor shops
- Long leases in place with fixed annual rental increases
- Large on site car park fronting shops

Investment Details:

SHOPS 4 & 5 - THE FITNESS WORKSHOP
Building Area: 336sqm*
Lease Term: Current lease expires on 31st May 2025 and then 5 x 5 years options
Rental as per lease agreement - $83,000 plus GST

- Excellent tax depreciation benefits
- Close proximity to Baptcare aged care, various schools, recreational facilities and major arterials
- Located just 18km* North of the CBD, Lalor is part of the City of Whittlesea which is one of Victoria's fastest growing municipalities
- This is an outstanding opportunity to purchase a commercial investment within Melbourne's surging Northern corridor

Don't miss out on this incredible opportunity to own a commercial investment in a prime location. Contact us today to arrange a private inspection and secure your future in this fantastic property.

For more information or to make an appointment to inspect the property please call Mike Sarupria on 0430 126 491

Please see the below link for an up-to-date copy of the Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for
general information only and does not constitute any representation on the part of the vendor or agent.

*approx.

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Property History for 4 Mosaic Dr, Lalor, VIC 3075

A timeline of how this property has performed in the market
Last Sold
$1,250,000
18 Oct 2017
  • 31 Oct 2024
    Sold
  • 02 May 2023
    Listed for Sale Contact Agent
  • 18 Oct 2017
    Sold for $1,250,000
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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 9,960 properties. Over the last 5 years, Houses in Lalor have seen a 15.61% increase in median value, while Units have seen a 20.23% increase. As at 31 October 2024:

  • The median value for Houses in Lalor is $688,714 while the median value for Units is $505,266.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 60 properties listed for sale, and 36 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Lalor.

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