4A/42 Lochiel AvenueMount Martha VIC 3934
Property Details for 4a/42 Lochiel Ave, Mount Martha
Last Listing description (June 2018)
San Marco of Mount Martha
Cameron is proud to present two of Mount Martha s truly iconic blue chip commercial properties. Investment opportunities of this nature and quality are seldom seen.
San Marco occupies Mount Martha Village s prime corner block with maximum exposure to the Esplanade, Watsons Road and Lochiel Avenue.
The buildings are currently leased to established, high profile Mount Martha tenants with details as follows:
4/42 Lochiel Avenue - Bonaccorde
- Returning $89,720pa + GST + outgoings as at July 2018
- Total lettable area of 73sqm
- Long term lease with options
- 4% Annual rental increases
- Secured with bond & Directors guarantees
4A/42 Lochiel Avenue - Mr Curtis
- Returning $68,334pa + GST + outgoings as at July 2018
-Total lettable area of 115sqm
- 5x5x5x5 year Lease
- 4% Annual rental increases
-Secured with bond & Directors guarantees
Investments that excite come few and far between, don t miss out on an opportunity to own San Marco.
Property History for 4a/42 Lochiel Ave, Mount Martha, VIC 3934
- 01 Dec 2023Sold for $617,500
- 20 Apr 2018Sold for $1,600,000
- 08 Mar 2018Listed for Sale Not Disclosed
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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 9,608 properties.
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