132-136 Somerton RoadSomerton VIC 3062
Property Details for 132-136 Somerton Rd, Somerton
Last Listing description (August 2021)
Brand new 12 year net lease to 2033 plus options to 2063.
United Petroleum: Top-tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 450 sites nationally.
Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
Large, high-profile 2,005 sqm* retail convenience site right in the heart of Melbourne's booming Hume Highway logistic/industrial corridor, with major Toll, Coles, Visy, Linfox, Boral facilities and intermodal terminal all within 1.1km.
Roxburgh Park Woolworths, Coles, Aldi, McDonald's, KFC, Hungry Jack's and Train Station all within 800 metres.
Somerton Road is an important arterial servicing an average of 32,800 vehicles per day.***
City of Hume: By 2041, the City of Hume's population is forecast to grow 49.70% to 372,627 people.****
Strategic essential service investment.
Net Rent: $172,525 pa
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
**United Petroleum
***Gap maps
**** Forecast.id
*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 132-136 Somerton Rd, Somerton, VIC 3062
- 10 Aug 2021Sold for $3,850,000
- 06 Jul 2021Listed for Sale Price on Request
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0About Somerton 3062
The size of Somerton is approximately 5.4 square kilometres. It has 5 parks covering nearly 0.9% of total area. The population of Somerton in 2006 was 4 people. By 2011 the population was 3 showing a population decline of 25.0% in the area during that time. The predominant age group in Somerton is 60-69 years. In general, people in Somerton work in a trades occupation..
Somerton has 751 properties. Over the last 5 years, Units in Somerton have seen a -7.02% decrease in median value. As at 30 September 2024:
- The median value for Houses in Somerton is $802,324 while the median value for Units is $406,011.
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