OFF MARKET

31 Northpark Drive
Somerton VIC 3062

Bedrooms: -
Bathrooms: -
Car spaces: 18
Land area: 1918m2
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Property Details for 31 Northpark Dr, Somerton

Building Type
Commercial
Land Size
1918m2
Local Government
Hume
Lot/Plan
38/PS714687

Last Listing description (August 2022)

**Please note this property has been withdrawn from sale***

CBRE is pleased to exclusively offer 31 North Park Drive, Somerton For Sale.


This 1,052sqm* well-appointed building is situated on a 1,918sqm* block of land in the hart of Somerton. It is being offered on a straight five (5) year lease-back with options, returning $105,250 net per annum plus GST. The new building has a two-level office, large clear span warehouse with drive through capability and three (3) roller doors.

The property is ideally located in Melbourne's Northern suburbs and is less than 32km* from the Port of Melbourne, 30km* from the CBD and 15km* from the Melbourne Airport. This property has great access to major arterials including the M80 Ring Road, Hume Freeway, Sydney Road & Cooper Street.

Lease Details:
+ Tenant: Willis Brothers Marble & Granite
+ Term: Five (5) years
+ Options: 5+5+5 years
+ Rental: $105,250 per annum net plus GST
+ Guarantee: Three (3) months bank guarantee plus directors guarantee
+ Reviews: Fixed annual reviews of 3% with a market review at the option period

Property features:
+ GLA: 1,052.50sqm*
+ Land area: 1,918sqm*
+ Two (2) cross overs
+ Corner position
+ Drive through capability
+ Three (3) roller doors
+ Rear loading with 200sqm* canopy
+ 8.4m clearance


*approx.

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Property History for 31 Northpark Dr, Somerton, VIC 3062

A timeline of how this property has performed in the market
Last Sold
$2,105,000
27 Sep 2021
  • 27 Sep 2021
    Sold for $2,105,000
  • 05 Aug 2021
    Listed for Sale Contact Agent
  • 01 Aug 2016
    Sold for $506,352

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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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