1/15 Eucumbene DriveRavenhall VIC 3023
Property Details for 1/15 Eucumbene Dr, Ravenhall
Last Listing description (February 2023)
Knight Frank are excited to present for SALE this high quality warehouse facility located in the sought after industrial pocket of Ravenhall
The facility is located on Eucumbene Drive, with the Western Freeway on-ramp less than 350m away, and Ballarat Road less than 300m away. The area is occupied by some of the highest calibre tenants and car dealerships including Honda, Kia, Officeworks, Repco & Bunnings.
Building Details:
- Total NLA: 292 sqm
- Direct street frontage
- Five (5) car parks on-title
- Glass faade
- Container heigh Roller Shutter Door (RSD)
- Clearspan warehouse
- Bathroom & shower amenities
Lease Details:
- Current Term Commenced: 1st September 2018
- Lease Term: 5 years
- Options: one (1) further term of five (5) years
- Currently Returning: $27,850.00 p.a. + GST + Outgoings
- Fixed increases: 3.5% fixed annual increases
- Established tenant in occupation of the building for more than 6 years
Please contact Andrew or Michael for more information today!
Property History for 1/15 Eucumbene Dr, Ravenhall, VIC 3023
- 22 Jul 2024Sold for $1,025,000
- 25 Aug 2022Sold for $973,500
- 29 Jul 2022Listed for Sale Contact Agent
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0About Ravenhall 3023
The size of Ravenhall is approximately 13.6 square kilometres. It has 6 parks covering nearly 8.5% of total area. The population of Ravenhall in 2011 was 688 people. By 2016 the population was 1,162 showing a population growth of 68.9% in the area during that time. The predominant age group in Ravenhall is 20-29 years. Households in Ravenhall are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ravenhall work in a trades occupation. In 2006, 25% of the homes in Ravenhall were owner-occupied compared with 74.4% in 2011.
Ravenhall has 1,321 properties. Over the last 5 years, Houses in Ravenhall have seen a 140.54% increase in median value, while Units have seen a 42.71% increase. As at 30 November 2024:
- The median value for Houses in Ravenhall is $768,924 while the median value for Units is $598,188.
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