260-264 Raymond StreetSale VIC 3850
Property Details for 260-264 Raymond St, Sale
Last Listing description (June 2024)
This commercial property presents a lucrative opportunity for potential buyers, boasting a strong tenant and prime location within the Raymond Street precinct. The current lease, which expires on 01/01/2027 with a 1 x 3 year option, offers stability with a rental income of $68,000 + GST per annum and a fixed 2% annual increase. Additionally, all outgoings are covered by the tenant (excluding insurance), making it a hassle-free investment. The property has been well-maintained, with a new roof and guttering, as well as recent internal renovations carried out by Bendigo Bank, further enhancing its appeal to discerning investors.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333
Property History for 260-264 Raymond St, Sale, VIC 3850
- 21 May 2024Sold for $1,090,000
- 27 Feb 2024Listed for Sale $1,150,000
- 14 Dec 2011Sold for $960,000
Commute Calculator
Recent sales nearby
See more recent sales nearby/assets/perm/jrtavt6zgii6xfuhu5zlkdvdva?signature=57a25d43c3e3e50d7f435d99caa0fe168b82572138f037db2722adb52e424955){kind=logo}
0
/assets/perm/brsog3h74yi6tgsagpiq5hsx4u?signature=a153424b98a077a207b76f647fd1dfa5d8851180c559b972e5ce8c2a1635bce1){kind=logo}
0/assets/perm/ojxfaxz4t4i6vl2xlgy3mxufly?signature=0679d7bd87bd3d51ac1e6335504098af6363a5b5b17d7a940447c8bae5677873){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 8,755 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.
Suburb Insights for Sale 3850
Market Insights
Sale Trends for Houses
N/A
N/A
View TrendN/A
N/A
Sale Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
