257-259 York StreetSale VIC 3850
Property Details for 257-259 York St, Sale
Last Listing description (October 2024)
This property is positioned in an established, busy precinct with outstanding main road exposure. With its recent renovation it is a spacious, stylish and strategically located property to maximize your property portfolio.
This new 5 year lease commenced September 2024, with an additional 5 year option potentially taking your tenancy to 2034, offering long-term stability and peace of mind. With an annual rent $72,000 pa + GST & outgoings gives you a healthy yield of 6%.
This stunning impressively unique industrial showroom and versatile layout boasts modern luxury with contemporary design, ensuring a sleek and efficient environment that will continue to support the tenant's operations.
Don't miss out. Contact us today to schedule a viewing and elevate your property portfolio to new heights.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist or call us on (03) 5144 4333
Property History for 257-259 York St, Sale, VIC 3850
- 03 Oct 2024Sold for $1,200,000
- 03 Sep 2024Listed for Sale $1,200,000
- 25 Aug 2021Sold for $825,000
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0About Sale 3850
The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.
Sale has 8,758 properties. Over the last 5 years, Houses in Sale have seen a 47.96% increase in median value, while Units have seen a 56.68% increase. As at 31 October 2024:
- The median value for Houses in Sale is $470,209 while the median value for Units is $326,571.
- Houses have a median rent of $470 while Units have a median rent of $363.
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