2 Lochiel AvenueMount Martha VIC 3934
Property Details for 2 Lochiel Ave, Mount Martha
Last Listing description (June 2024)
Investment opportunities of this nature and position are seldom seen.
Situated in Mount Martha's vibrant Village with excellent exposure to passing traffic.
This brick freehold building is currently leased to a long established newsagency & Tattslotto outlet. Details:
- Returning $93,169pa (+ GST if applicable)
- All outgoings paid by Lessee (except Land Tax)
- Total lettable area of 175m2 approx.
- Current 5 year lease until 19/10/2027
- Option for further 5 year term
- Annual CPI rental increases
- Terms of Sale: 60 day Settlement, Property Sold as a Going Concern
Inspections by Appointment, Contact Agent.
Property History for 2 Lochiel Ave, Mount Martha, VIC 3934
- 01 May 2024Sold for $1,650,000
- 06 Dec 2023Listed for Sale $1,699,950
- 14 Dec 2006Transferred
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About Mount Martha 3934
The size of Mount Martha is approximately 30.3 square kilometres. It has 43 parks covering nearly 11.5% of total area. The population of Mount Martha in 2011 was 17,087 people. By 2016 the population was 18,552 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Martha is 40-49 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation. In 2011, 83.3% of the homes in Mount Martha were owner-occupied compared with 82.4% in 2016.
Mount Martha has 9,609 properties.
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