OFF MARKET

20 Somerton Road
Somerton VIC 3062

Bedrooms: -
Bathrooms: -
Car spaces: 15
Floor area: 1131m2
Land area: 995m2
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Property Details for 20 Somerton Rd, Somerton

Building Type
Commercial
Year Built
2003
Floor Size
1131m2
Land Size
995m2
Local Government
Hume
Lot/Plan
7/PS517513

Last Listing description (February 2018)

NEAR NEW OFFICE, SHOWROOM AND WAREHOUSE WITH AMPLE CAR PARKING AND REAR TRUCK ACCESS. FEATURES INCLUDE: - BUILDING AREA: 1,175 SQM* - UPSTAIRS AIR-CONDITIONED OFFICE: 200 SQM* - CLEAR SPAN WAREHOUSE 6 -6.5 METRES - AIR-CONDITIONED SHOWROOM TENANCY DETAILS: - TENANT: PPG INDUSTRIES - COMMENCEMENT DATE: 21ST NOV 2016 - TERM OF LEASE (3) THREE YEARS + (3) THREE YEARS - ANNUAL INCREASES 3% & MARKET AT OPTION - 3 MONTH BOND - CURRENT RENT $93,622.80 PER ANUM NET PPG INDUSTRIES HAS BEEN IN EXISTENCE SINCE 1883!! - PPG LISTED ON THE NYSE - PPG NET SALES $14.8 BILLION - PPG IS RANKED 182 ON THE FORTUNE 500 *APPROX LOOKING TO SELL, LEASE OR DEVELOP YOUR PROPERTY? CONTACT ICR PROPERTY GROUP, THE EXPERTS IN COMMERCIAL REAL ESTATE. RAFF DE LUISE 0418 533 633 JULIAN MATERIA 0498 188 011

Property History for 20 Somerton Rd, Somerton, VIC 3062

A timeline of how this property has performed in the market
Last Sold
$1,400,000
27 Mar 2018
Listed for Rent
$1.15k/w
24 May 2013
  • 27 Mar 2018
    Sold for $1,400,000
  • 21 Feb 2018
    Listed for Sale Not Disclosed
  • 03 Oct 2012
    Listed for Rent - Price not available
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About 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.
There are currently 2 properties listed for sale, and 2 properties listed for rent in Somerton on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Somerton.

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