17-19 Montgomery StreetSkipton VIC 3361
Property Details for 17-19 Montgomery St, Skipton
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
- 11 May 2019Listed for Sale $130,000
- 02 Mar 2018Sold for $80,888
- 19 Feb 2018Listed 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 427 properties. Over the last 5 years, Houses in Skipton have seen a 63.64% increase in median value, while Units have seen a 4.66% increase. As at 31 July 2024:
- The median value for Houses in Skipton is $340,403 while the median value for Units is $425,655.
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