OFF MARKET

41-49 Cherry Lane
Laverton North VIC 3026

Bedrooms: 3
Bathrooms: -
Car spaces: -
Floor area: 6130m2
Land area: 10050m2
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Property Details for 41-49 Cherry Lane, Laverton North

Building Type
Commercial
Floor Size
6130m2
Land Size
10050m2
Local Government
Wyndham
Lot/Plan
2/LP130316

Last Listing description (September 2023)

Teska Carson is thrilled to present 41-49 Cherry Lane, Laverton North for sale, providing outstanding opportunity for investors, developers and owner occupiers seeking to capitalise on the hottest segment of commercial real estate in Australia.

For Sale via Expressions of Interest closing Thursday 7 September 2023 at 3pm.

Key investment considerations include:

- 10,050 square metres of land

- 6,326 square metres of building

- Current Income: $436,152 pa plus GST

-Lease expires October 2025 with one 3 year option, providing significant reversionary rental potential at market review whilst allowing value add buyers to further improve the building or owner occupation in under 5 years

- Quality national tenant: CSF Proteins

- Located in the heart of Laverton North, one of the most popular industrial precincts in Australia, due to immediate proximity to major arterials, other major industrial facilities and transport hubs

Please do not hesitate to contact the listing agents for further information or to arrange an inspection.

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Property History for 41-49 Cherry Lane, Laverton North, VIC 3026

A timeline of how this property has performed in the market
Last Sold
$9,500,000
15 Sep 2023
Listed for Rent
04 Jun 2009
  • 15 Sep 2023
    Sold for $9,500,000
  • 10 Aug 2023
    Listed for Sale Contact Agent
  • 18 Dec 2008
    Listed for Rent - Price not available
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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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