SOLD
Sold on 07 Mar 2024 for $1,300,000

316-322 Raglan Street
Sale VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4395m2
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Gippsland Real Estate Pty Ltd
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Property Details for 316-322 Raglan St, Sale

Building Type
Commercial
Land Size
4395m2
Local Government
Wellington
Lot/Plan
2/LP134738

Last Listing description (March 2024)

- Three titles totalling approx. 4395m2.
- Zoned Industrial 1
- Modern Office premises at front

- Multiple car parking spaces
- Extensive large warehouse/workshop with 2 additional workshops at rear of premises
- Main warehouse has side door and rear door entry with 4.2m high clearance.
- Rear workshops have 3.5m high and 4.1m high clearance.
- Large solar panel system
- Sealed driveway, carpark, and yard throughout
- Multiple offices with large reception area
- Several spilt systems throughout office /reception area
- Staff change room with shower and toilet facilities.
- Two kitchen areas (one upstairs and one downstairs)

Currently leased to a long-term tenant -Commenced 9 September 2022 on a 3-year lease, with 2 (two) further 3-year options. Currently providing approximately 7% return.
Inspections by appointment only. Please contact agent for further details.

Go to www.consumer.vic.gov.au/duediligencechecklist or visit the Gippsland Real Estate website https://www.gippslandrealestate.com and select the link for a Due Diligence Checklist

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Property History for 316-322 Raglan St, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
$1,300,000
07 Mar 2024
  • 07 Mar 2024
    Sold for $1,300,000
  • 29 Nov 2023
    Listed for Sale $1,400,000.00
  • 11 Jan 2008
    Sold for $180,000
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About 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 8,740 properties. Over the last 5 years, Houses in Sale have seen a 52.18% increase in median value, while Units have seen a 64.46% increase. As at 31 August 2024:

  • The median value for Houses in Sale is $469,092 while the median value for Units is $314,166.
  • Houses have a median rent of $470 while Units have a median rent of $360.
There are currently 141 properties listed for sale, and 27 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Sale.

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