OFF MARKET

71-73 Pipe Road
Laverton North VIC 3026

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 24035m2
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Property Details for 71-73 Pipe Rd, Laverton North

Building Type
Commercial
Land Size
24035m2
Local Government
Wyndham
Lot/Plan
2/LP85215

Last Listing description (June 2023)

Underpinned by a high underlying land value and record low vacancy levels, the offering generates the following institutional investment features:

Regular shaped freehold land holding of 49,000m with a substantial 136 metre street frontage, providing flexibility and strategic redevelopment upside.
Versatile improvements of 17,755m allowing a multitude of repurposing and repositioning opportunities

Significant net passing income of $1,225,655 per annum, possibly providing a holding income whilst planning approval is secured
Strategic WALE of 0.66 years (by income) yielding immediate upside
Laverton North is a land constrained market, with exceptionally strong rental / capital growth prospects and will further benefit from the rapid growth of e-commerce
Strategic location offering excellent access to existing precinct amenity and major road infrastructure including Western Ring Road (M80), West Gate Freeway and Princes Freeway (M1) and Boundary, Fairbairn and Somerville Roads

71-77 Pipe Road, Laverton North is being offered for sale via Expressions of Interest campaign closing 4:00pm (AEST) Friday, 24th June 2022.

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Property History for 71-73 Pipe Rd, Laverton North, VIC 3026

A timeline of how this property has performed in the market
Last Sold
$8,700,000
28 Feb 2014
Listed for Rent
$3.22k/w
09 Feb 2018
  • 07 Jun 2022
    Listed for Sale Please contact agent
  • 06 Aug 2014
    Listed for Rent - Price not available
  • 28 Feb 2014
    Sold for $8,700,000
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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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