2-6 Festini WayLong Gully VIC 3550
Property Details for 2-6 Festini Way, Long Gully
Last Listing description (December 2024)
Introducing an exceptional investment opportunity now available in the commercial market.Highlighted features of this offering comprise: Tenant secured with a 3-year lease starting from 01/06/2023, with an additional 3-year option. Present rental income stands at $67,658.73 per annum, plus GST and outgoings. A highly functional 305-square-meter factory space accompanied by a mezzanine level and an additional 102-square-meter annex. The property sits on a fully fenced allotment sprawling across 3,689 square meters. Exceptionally well-maintained premises ensuring longevity and value. Spacious air-conditioned offices covering an expansive 170 square meters. The high bay factory offers optimal internal clearance, facilitating seamless operations. Convenient roller door access for efficient logistics. Abundant onsite power supply capable of supporting substantial machinery and equipment. Off-street parking amenities enhance accessibility and convenience.Furthermore, the ample yard space allows for easy maneuvering of large vehicles in any weather condition. For more information, please contact Matt Bowles on 0418 509 380.
Property History for 2-6 Festini Way, Long Gully, VIC 3550
- 28 Oct 2024Sold for $1,225,000
- 01 Oct 2024Listed for Sale Contact Agent
- 16 Apr 2024Listed for Sale $1,400,000
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0About Long Gully 3550
The size of Long Gully is approximately 3.4 square kilometres. It has 3 parks covering nearly 2% of total area. The population of Long Gully in 2011 was 3,338 people. By 2016 the population was 3,369 showing a population growth of 0.9% in the area during that time. The predominant age group in Long Gully is 20-29 years. Households in Long Gully are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Long Gully work in a labourer occupation. In 2011, 56.7% of the homes in Long Gully were owner-occupied compared with 53.3% in 2016.
Long Gully has 1,923 properties. Over the last 5 years, Houses in Long Gully have seen a 48.63% increase in median value, while Units have seen a 53.49% increase. As at 30 November 2024:
- The median value for Houses in Long Gully is $459,644 while the median value for Units is $391,847.
- Houses have a median rent of $430 while Units have a median rent of $395.
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