SOLD
Sold on 12 Jul 2024 for $600,000

330-334 York Street
Sale VIC 3850

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 146m2
Land area: 736m2
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Property Details for 330-334 York St, Sale

Building Type
Commercial
Floor Size
146m2
Land Size
736m2
Local Government
Wellington
Lot/Plan
PC353908

Last Listing description (August 2024)

Just on the outskirts of the Sale CBD you will find 330-334 York Street, Sale. With a long-standing reliable tenant in place, an annual rent of $35,000 +GST and outgoings, an annual CPI and market review at term, this property offers a fantastic investment opportunity. The new lease commenced 01/08/2023 for a term of 3 years, and 2 further options each of 3 years taking the lease to potentially 2032.

The site has an entry/reception area with a retail space, tearoom with a kitchenette, large workshop that has recently had all new roller doors installed by the vendors. There is plenty of carparking for customers and work shop cars.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist. Or call us on (03) 5144 4333

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Property History for 330-334 York St, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
$600,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $600,000
  • 17 Jun 2024
    Listed for Sale $600,000
  • 05 Apr 2009
    Listed for Sale POA

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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 8,758 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.
There are currently 151 properties listed for sale, and 36 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 315 properties were sold in the past 12 months in Sale.

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