OFF MARKET

17-19 Montgomery Street
Skipton VIC 3361

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 305m2
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Property Details for 17-19 Montgomery St, Skipton

Building Type
Commercial
Land Size
305m2
Local Government
Corangamite
Lot/Plan
2/LP63415

Last Listing description (March 2022)

Terrific tenanted investment with the current tenants only 32 months into a fifteen-year lease (5 x 5 x 5 year terms). Currently operating as the only Pharmacy in the district with Bendigo Bank Agency the premises has a floor area of approximately 81M2 Clean and modern fit-out, well situated next to the townships only supermarket. Currently returning $523.94 + GST PCM or $6,287.28 + GST on an annual basis.with the tenant responsible for 100% of all building outgoings (including building insurance and public risk) this property is the ultimate set and forget investment.

Property History for 17-19 Montgomery St, Skipton, VIC 3361

A timeline of how this property has performed in the market
Last Sold
$80,888
02 Mar 2018
  • 11 May 2019
    Listed for Sale $130,000
  • 02 Mar 2018
    Sold for $80,888
  • 19 Feb 2018
    Listed for Sale $75,000
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About Skipton 3361

The size of Skipton is approximately 257.2 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Skipton in 2011 was 926 people. By 2016 the population was 575 showing a population decline of 37.9% in the area during that time. The predominant age group in Skipton is 50-59 years. Households in Skipton are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Skipton work in a managers occupation. In 2011, 76.3% of the homes in Skipton were owner-occupied compared with 82% in 2016.

Skipton has 428 properties. Over the last 5 years, Houses in Skipton have seen a 52.79% increase in median value, while Units have seen a 4.66% increase. As at 30 November 2024:

  • The median value for Houses in Skipton is $324,451 while the median value for Units is $393,480.
There are currently 8 properties listed for sale, and no properties listed for rent in Skipton on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Skipton.

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