OFF MARKET

5/29 Burnett Street
Somerton VIC 3062

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 302m2
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Property Details for 5/29 Burnett St, Somerton

Building Type
Commercial
Land Size
302m2
Local Government
Hume
Lot/Plan
4/PS825464

Last Listing description (June 2023)

CBRE is pleased to exclusively present 5/29 Burnett Street, Somerton via private sale.

This well-appointed 242sqm* office/warehouse will appeal to both owner occupiers and investors given lack of available buildings on the market to purchase. GST Savings could apply with the current lease ending in May.


Located within the prestigious Northpark Business Estate in Somerton, within immediate proximity to Cooper Street, M80 Metropolitan Ring Road and the Hume Highway.

Property Features Include:
+ Total Building Area: 242sqm*
+ Three (3) Phase Power
+ One (1) Container Height Roller Door
+ Modern amenities
+ High Clearance
+ Clear span warehouse
+ Potential GST Savings

For further details on this property or your commercial property needs, please contact the marketing agent Jake George on 0421 221 019 or Corey LeFavi on 0410 740 839.

*Approx.

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Property History for 5/29 Burnett St, Somerton, VIC 3062

A timeline of how this property has performed in the market
Last Sold
$730,000
23 Mar 2023
  • 23 Mar 2023
    Sold for $730,000
  • 17 Feb 2023
    Listed for Sale $730,000 plus GST
  • 26 Oct 2018
    Sold for $528,412

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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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