40 Victoria StreetMacedon VIC 3440
Property Details for 40 Victoria St, Macedon
Last Listing description (July 2022)
NSL Property Group is pleased to present 40 Victoria Street Macedon For Sale.
This tree scape investment provides a fully fitted commercial restaurant, bar and function centre located at the foothills of the Macedon Ranges in an ever growing regional township.
It is positioned in an established and tightly held commercial precinct only minutes from freeway access into the neighbouring townships of Woodend and Gisborne.
The recent tree-change shift and domestic tourism boom makes this an offering we strongly recommend for your portfolio.
Key Features include:
- New Five (5) Year Lease commencing 1st July 2020
- Three (3) Further terms of 5 years
- Passing rent of $50,000 pa plus outgoings and GST
- 3% Annual increases
- Proven operator trading as The Macedon Lounge
- Total land area: 835 sqm*
- Prominent corner location and freehold
- Liquor Licence
- Flexible Commercial 1 Zoning
- Fully fitted commercial kitchen and function centre
- Almost 60 metre* frontage to Victoria Street and Bruce Street
- Securely leased investment in a rapidly growing regional township
- Future Development Potential (STCA)
For further information on this property or your commercial asset needs, contact NSL Property Group:
Guy Naselli 0413750744
Property Code: 27
Property History for 40 Victoria St, Macedon, VIC 3440
- 26 Apr 2021Sold for $850,000
- 16 Oct 2019Listed for Sale $995,000 Plus GST (if applicable)
- 05 Sep 2012Transferred
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About Macedon 3440
The size of Macedon is approximately 39.2 square kilometres. It has 9 parks covering nearly 6.3% of total area. The population of Macedon in 2011 was 1,864 people. By 2016 the population was 2,038 showing a population growth of 9.3% in the area during that time. The predominant age group in Macedon is 40-49 years. Households in Macedon are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Macedon work in a professional occupation. In 2011, 87% of the homes in Macedon were owner-occupied compared with 85.7% in 2016.
Macedon has 892 properties. Over the last 5 years, Houses in Macedon have seen a 18.90% increase in median value, while Units have seen a 20.03% increase. As at 31 October 2024:
- The median value for Houses in Macedon is $1,147,862 while the median value for Units is $867,788.
- Houses have a median rent of $625.
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