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Sold on 27 Mar 2024 - Price Unavailable

38 Manton Road
Oakleigh South VIC 3167

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1166m2
Land area: 1726m2
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Property Details for 38 Manton Rd, Oakleigh South

Building Type
Commercial
Floor Size
1166m2
Land Size
1726m2

Last Listing description (March 2024)

RWC Oakleigh is pleased to present 38 Manton Road, Oakleigh South by way of public Auction on Wednesday 27th March 2024 at 12:00pm.

Nestled in the heart of the Oakleigh South Industrial Precinct, discover these two coveted side-by-side industrial investments with separate tenancies. Both premises are offered with strong lease covenants providing peace of mind for the long term.

This premier investment opportunity boasts not one but two industrial properties on a single title, strategically positioned in one of Melbourne's most sought-after industrial precincts, it's the chance of a lifetime to secure your place in a prized blue-chip setting and enjoy attractive stable returns for many years to come.

Don't miss out on this rare opportunity. Contact us today to obtain further information on this property.

Property features:

• Total land area | 1,726m2*
• Total building area | 1,166m2*
• Two properties on one title
• Eight (8) car spaces
• Two tenancies with attractive lease covenants
• Current combined income | $201,000 p/a net
• Tenant pays all outgoings including Land Tax
• Frontage of 40m* to Manton Road
• Individual driveways with allocated parking
• Industrial 1 Zone (IN1Z)

38B Manton Road, Oakleigh South:

• Rental $100,000 pa plus GST plus Outgoings Incl Land Tax
• Lease commenced July 23
• 3 + 3 + 3 + 3 year lease
• Leased to Taylor-made foods Pty Ltd
• Use | Food production and storage

38 & Level 1/38B Manton Road, Oakleigh South:

• Existing tenant since 2017
• New lease commenced in Feb 2024
• 4 + 4 + 4 + 4 year lease
• $101,000 p/a plus GST plus Outgoings incl Land Tax
• Leased tom Sashman Windows Pty Ltd
• Use | Window manufacturing

Inspection times:

• 6th March 2024 | 11:30am-12:00pm
• 13th March 2024 | 11:30am-12:00pm
• 20th March 2024 | 11:30am-12:00pm
• 27th March 2024 (Auction Day) | 11.30am-12:00pm

To register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property (copy link below):

https://anywhereauctions.com.au/app/property?propertyId=40672

For further information or to arrange an inspection, please contact one of the exclusive marketing agents below:

Ryan Amler | 0401 971 622
George Ganavas | 0478 634 562

*All areas and figures approx 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.

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Property History for 38 Manton Rd, Oakleigh South, VIC 3167

A timeline of how this property has performed in the market
Last Sold
27 Mar 2024
Listed for Rent
$958/w
13 Apr 2023
  • 27 Mar 2024
    Sold for $3,620,000
  • 28 Feb 2024
    Listed for Sale Auction (On-site & Online)
  • 03 Apr 2023
    Listed for Rent - Price not available
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About Oakleigh South 3167

The size of Oakleigh South is approximately 6.7 square kilometres. It has 17 parks covering nearly 30.5% of total area. The population of Oakleigh South in 2011 was 9,140 people. By 2016 the population was 9,245 showing a population growth of 1.1% in the area during that time. The predominant age group in Oakleigh South is 30-39 years. Households in Oakleigh South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh South work in a professional occupation. In 2011, 76.4% of the homes in Oakleigh South were owner-occupied compared with 74.9% in 2016.

Oakleigh South has 5,202 properties. Over the last 5 years, Houses in Oakleigh South have seen a 22.50% increase in median value, while Units have seen a 18.64% increase. As at 30 November 2024:

  • The median value for Houses in Oakleigh South is $1,175,252 while the median value for Units is $737,431.
  • Houses have a median rent of $680 while Units have a median rent of $560.
There are currently 10 properties listed for sale, and 9 properties listed for rent in Oakleigh south on OnTheHouse. According to CoreLogic's data, 157 properties were sold in the past 12 months in Oakleigh south.

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Ryan Amler
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Ray White Commercial Oakleigh
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