12 Railway AvenueStanhope VIC 3623
Property Details for 12 Railway Ave, Stanhope
Last Listing description (September 2023)
Prime opportunity to purchase an existing engineering business and large freehold that is located just off the busy Midland Highway, making it easily accessible to Bendigo, Shepparton, Tatura and only 2 hours to Melbourne.
The business was established in 1983 and moved to its current location in 1984, the shed underwent extensions in 1986 and again in 1997 and sits on a 4,715m2 approx. block.
There is an NBN tower lease that will be transferred with the sale, and it has 10 years remaining in its lease with another 20 year option.
To be purchased on a walk in, walk out basis.
- Sales and service of Davey pumps
- Ag customers Dairy, piggery, croppers & market gardens
- Close proximity to Fonterra factory
- Great location on the Midland Hwy
- Large secure block 4,715m2
Property History for 12 Railway Ave, Stanhope, VIC 3623
- 09 Nov 2023Sold for $280,000
- 13 Oct 2022Listed for Sale Contact Agent
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About Stanhope 3623
The size of Stanhope is approximately 72.2 square kilometres. The population of Stanhope in 2011 was 915 people. By 2016 the population was 820 showing a population decline of 10.4% in the area during that time. The predominant age group in Stanhope is 50-59 years. Households in Stanhope are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Stanhope work in a managers occupation. In 2011, 78.2% of the homes in Stanhope were owner-occupied compared with 83% in 2016.
Stanhope has 502 properties. Over the last 5 years, Houses in Stanhope have seen a 111.77% increase in median value, while Units have seen a 29.05% increase. As at 31 October 2024:
- The median value for Houses in Stanhope is $346,906 while the median value for Units is $303,157.
- Houses have a median rent of $208.
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