71 Camden RoadNewtown VIC 3220
Property Details for 71 Camden Rd, Newtown
Last Listing description (May 2024)
Gartland are pleased to offer 71 Camden Road, Newtown For Sale.
Located in a prime location, this property offers a unique opportunity for investors or owner occupiers looking to establish themselves in the ever tightly held suburb of Newtown. With its commanding street frontage and circa 1970s design, this property is sure to make a lasting impression on both customers and passers-by.
The interior of the property boasts a spacious layout, featuring hardwood flooring and an abundance of natural light. The dual access layout provides opportunity for investors to separate the two levels and capitalise on dual tenancy options, incorporate shopfront/rear living arrangements or, for any business to move right in and occupy the entire space. The rear extension has been engineered for further development and would make the perfect space for a gym facility, medical centre, or residential quarters.
The property is uniquely positioned in a high-profile residential catchment zone and is one of only two properties that are Commercial 1 Zoned within the immediate area. Located on a main thoroughfare for commuters living nearby and with Fyans Park Primary School located directly across the road, the property benefits any of its tenants/occupiers with high levels of exposure.
Lease Details:
Tenant: Uno Events Pty Ltd
Term: Month to Month by Mutual Agreement
Rent: $42,000 Per Annum + GST + Outgoings
Property Features:
Large Outdoor Space
Rear Concrete Slab Engineered for Second Story Extension or Deck
384m2 approx. Land Area
297m2 approx. Building Area
Commercial 1 Zone
Contact us today for more information or to arrange an inspection.
Property History for 71 Camden Rd, Newtown, VIC 3220
- 04 Apr 2024Sold for $825,000
- 05 Feb 2024Listed for Rent $42,000 / year
- 01 Feb 2024Listed for Sale $700,000 - $770,000
Commute Calculator
Recent sales nearby
See more recent sales nearbySimilar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Newtown 3220
The size of Newtown is approximately 5.8 square kilometres. It has 20 parks covering nearly 17.4% of total area. The population of Newtown in 2011 was 9,681 people. By 2016 the population was 10,154 showing a population growth of 4.9% in the area during that time. The predominant age group in Newtown is 10-19 years. Households in Newtown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation. In 2011, 69.1% of the homes in Newtown were owner-occupied compared with 69.6% in 2016.
Newtown has 5,737 properties. Over the last 5 years, Houses in Newtown have seen a 44.96% increase in median value, while Units have seen a 17.27% increase. As at 30 September 2024:
- The median value for Houses in Newtown is $1,234,241 while the median value for Units is $556,047.
- Houses have a median rent of $550 while Units have a median rent of $430.
Suburb Insights for Newtown 3220
Market Insights
Newtown Trends for Houses
N/A
N/A
View TrendN/A
N/A
Newtown Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
