OFF MARKET

1/5 Westside Drive
Laverton North VIC 3026

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4026m2
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Property Details for 1/5 Westside Dr, Laverton North

Building Type
Commercial
Land Size
4026m2
Local Government
Wyndham

Last Listing description (April 2019)

We are pleased to offer For Sale this outstanding tenanted investment which includes two standalone buildings, occupied by strong and secure long term tenants.
The property is ideally situated on Westside Drive in Laverton North with quick access onto the M1 (West Gate & Princes Freeways), Geelong Road and the Western Ring Road making travelling east, north and west easy.
Tenancies include:

UNIT 1
- Comprising of a 750sqm warehouse + 230sqm office
- Leased to a blue-chip national tenant (more information on request)
UNIT 2
- Comprising of a 500sqm warehouse + 15sqm office
- Leased to Plastic Recycler
Both units are standalone facilities with its own individual access. Ample car parking and sealed yards are available.
Key investment highlights:
- Total rental income: $138,701 plus GST (if applicable)
- Tenant pays all outgoings plus GST.
- Generous fixed annual increases
Call now for further information. Inspections by appointment only.

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Property History for 1/5 Westside Dr, Laverton North, VIC 3026

A timeline of how this property has performed in the market
  • 04 May 2018
    Listed for Sale By Negotiation

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About Laverton North 3026

The size of Laverton North is approximately 15.4 square kilometres. It has 7 parks covering nearly 12.2% of total area. The population of Laverton North in 2011 was 94 people. By 2016 the population was 54 showing a population decline of 42.6% in the area during that time. The predominant age group in Laverton North is 60-69 years. In general, people in Laverton North work in a machinery operators and drivers occupation. In 2011, 39.6% of the homes in Laverton North were owner-occupied compared with 32.6% in 2016..

Laverton North has 1,320 properties. Over the last 5 years, Houses in Laverton North have seen a 41.62% increase in median value. As at 30 November 2024:

  • The median value for Houses in Laverton North is $761,839 while the median value for Units is $615,952.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Laverton north on OnTheHouse. According to CoreLogic's data, 31 properties were sold in the past 12 months in Laverton north.

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