SOLD
Sold on 23 Nov 2023 for $3,550,000

219-225 Wyndham Street
Shepparton VIC 3630

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 752m2
Land area: 919m2
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Property Details for 219-225 Wyndham St, Shepparton

Building Type
Commercial
Floor Size
752m2
Land Size
919m2
Local Government
Greater Shepparton
Lot/Plan
1/TP567406

Last Listing description (November 2023)

Burgess Rawson and Gagliardi Scott Real Estate are pleased to offer to the market, GV Health, Shepparton VIC for sale via private sale.

The property has the following investment highlights:

+ Five (5) year lease to May 2027 plus options to May 2032.

+ GV Health: main health service in the Goulburn Valley, with 2,700 staff across 5 key sites.
+ Important head office, providing administrative services for major departments including 24-hour ED, surgery, medical, rehab/palliative care, aged care and mental health.
+ Tenant responsible for all outgoings including building insurance and land tax on single holding basis.
+ Desirable annual CPI rent reviews.
+ Recently renovated, 947sqm* two-level freestanding head office, with 6 important on-title car spaces.
+ Prime 919sqm* freehold site with Activity Centre 1 zoning.
+ High profile Goulburn Valley Highway position, with 29,000 vehicles passing daily. **
+ Potential 50% stamp duty saving.
+ Shepparton: major regional city with a 140,000 plus trade catchment.
+ Net Income: $220,000pa* + GST

*Approx
**GapMaps

Property History for 219-225 Wyndham St, Shepparton, VIC 3630

A timeline of how this property has performed in the market
Last Sold
$3,550,000
23 Nov 2023
Listed for Rent
$1.55k/w
20 Jul 2021
  • 23 Nov 2023
    Sold for $3,550,000
  • 27 Sep 2023
    Listed for Sale Asking Price $3,795,000
  • 14 Dec 2020
    Listed for Rent $81,000 / year
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About Shepparton 3630

The size of Shepparton is approximately 42.9 square kilometres. It has 101 parks covering nearly 25.5% of total area. The population of Shepparton in 2011 was 29,553 people. By 2016 the population was 31,204 showing a population growth of 5.6% in the area during that time. The predominant age group in Shepparton is 0-9 years. Households in Shepparton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Shepparton work in a professional occupation. In 2011, 59.9% of the homes in Shepparton were owner-occupied compared with 58.6% in 2016.

Shepparton has 18,086 properties. Over the last 5 years, Houses in Shepparton have seen a 66.20% increase in median value, while Units have seen a 56.61% increase. As at 30 September 2024:

  • The median value for Houses in Shepparton is $473,094 while the median value for Units is $342,563.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 56 properties listed for sale, and 38 properties listed for rent in Shepparton on OnTheHouse. According to CoreLogic's data, 619 properties were sold in the past 12 months in Shepparton.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.