54A Westwood DriveRavenhall VIC 3023
Property Details for 54a Westwood Dr, Ravenhall
Last Listing description (February 2016)
Take advantage of this instant investment portfolio on a corner location at 54A Westwood Drive, Ravenhall, with over 88 metres frontage to Main Road, multiple tenancies and surplus land! Available via Deadline Private Sale closing Wednesday 16th December 2015 at 3pm.
Tenancy A:
- Leased to Get Wrecked 4x4 Commercial Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (3) years
- Further term: (3) years
- Lease commencement date: 1st July 2015
Tenancy B:
- Leased to The Clothesline Diet Club Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (2) years
- Further term: (2) years
- Lease commencement date: 1st February 2016
Tenancy C:
- Leased to Chakik Investments Pty Ltd
- Rental return: $34,320 pa (incl. GST)
- Lease term: (2) years
- Further term: (2) years
- Lease commencement date: 1st September 2015
The above tenancy's comprise a total building area of 610m2* and are situated on a land allotment of 9,093m2*. Adding value, there is also surplus land to build an additional warehouse of 195m2* with existing permit. Further enhancing the property is ample on site parking, security fencing and two street frontages to both Westwood Drive and Waigani Avenue.
The suburb of Ravenhall is situated 22 kilometres* west of Melbourne's Central Business District and is surrounded by the suburbs of Caroline Springs and Deer Park making this one of the fastest growing regions in Melbourne.
Situated in a convenient location, the site is just metres from the Western Freeway and is also within close proximity of the Deer Park Bypass and Western Ring Road.
Major retailers in the immediate vicinity include Reece Plumbing, KFC, McDonalds, BP service Station, Coles, Aldi, Bunnings, Masters, Officeworks, Petbarn, Autobarn, Furtniture Galore, Fantastic Furniture, plus a large number of well known car dealerships.
Property History for 54a Westwood Dr, Ravenhall, VIC 3023
- 15 Feb 2016Sold for $1,300,000
- 19 Nov 2015Listed for Sale $1,400,000
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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 1,306 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 31 July 2024:
- The median value for Houses in Ravenhall is $825,253 while the median value for Units is $665,829.
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