2 Kingston Town CloseOakleigh VIC 3166
Property Details for 2 Kingston Town Cl, Oakleigh
Last Listing description (May 2024)
RWC Oakleigh is excited to present 2 Kingston Town Close, Oakleigh to the market which will be offered via a public on-site and online Auction scheduled for Wednesday 8th May 2024 at 11:00 am.
This set & forget freehold investment property boasts an exceptional location only moments from Chadstone Shopping Centre, a substantial street presence of 26.4m* and sits upon 1,698m2* of prime industrial 1 zoned land. Moreover, it features a reputable Tenant who has been effectively utilising the premises as their head office & showroom since 2019 and have just renewed their lease for another 5 years (commencing 1st June 2024) which further highlights the viability of this fantastic opportunity.
The property benefits from having rear access, abundance of on-site parking and is conveniently located just off Princes Highway with immediate access to Ferntree Gully Road, Monash Freeway (M1), Warrigal Road & Huntingdale Road. The owners have also undertaken substantial works including the upgrading of heating / cooling units, ceiling tiles, electrical works, new roof, new flooring and the re-caulking of windows which is sure to keep any future maintenance to an absolute minimum.
The Tenants themselves have invested significantly into the property which reinforces the security of this investment. With the property having last changed hands some 10 years ago, this is not an opportunity you want to miss!
Online Auction Registration: https://anywhereauctions.com.au/app/property?propertyId=41596
Property Attributes:
• Only 15%* site coverage
• Industrial land holding | 1,698m2*
• Total building area | 500m2* over two levels
• Renewed 5 Year Lease (1st June 2024)
• Current Rental | $137,312 p/a + GST + outgoings^
• Substantial capital works completed by Landlord
• Upgraded heating / cooling units throughout
• High quality fit-out with amenities on both levels
• Tenant has multiple showroom locations
• Circa 28 car spaces on-site
• Easy access to major arterial roads
• Industrial 1 Zone (IN1Z)
Open for inspection:
• Wednesday 8th May | 10:30am - 11:00am (Auction Day)
For further information or to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:
Theo Karkanis | 0431 391 035
George Kelepouris | 0425 798 677
George Ganavas | 0478 634 562
^ Excluding Land Tax
*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 2 Kingston Town Cl, Oakleigh, VIC 3166
- 08 May 2024Sold for $2,880,000
- 03 Apr 2024Listed for Sale Auction ($2.1m - $2.3m)
- 25 Sep 2018Listed for Rent - Price not available
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0About Oakleigh 3166
The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2011 was 7,534 people. By 2016 the population was 7,891 showing a population growth of 4.7% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation. In 2011, 67.3% of the homes in Oakleigh were owner-occupied compared with 64.4% in 2016.
Oakleigh has 5,455 properties. Over the last 5 years, Houses in Oakleigh have seen a 14.57% increase in median value, while Units have seen a -1.09% decrease. As at 31 October 2024:
- The median value for Houses in Oakleigh is $1,284,232 while the median value for Units is $600,636.
- Houses have a median rent of $650 while Units have a median rent of $580.
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