SOLD
Sold on 15 Feb 2024 for $2,690,768

41-43 Wellsford Street
Stratford VIC 3862

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2028m2
Sold By
Graham Chalmer
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Property Details for 41-43 Wellsford St, Stratford

Building Type
Commercial
Land Size
2028m2
Local Government
Wellington
Lot/Plan
8~18/PP5736

Last Listing description (September 2021)

* UNDER OFFER!
* Town Planning Permit approved for a 72 place Child Care Centre with building plans available.
* Great location situated in central Gippsland with easy access of only 60 meters off the Princes Highway.

* Excellent childcare demand of 15.06 & currently no formal childcare centre available in the town
* Approximately 180m from Stratford Primary School, and approximately 500m from Stratford train station
* Corner block with two road frontages to Wellsford and Raymond St
* Commercial strip is close proximity to the centre, located ideally between the new subdivisions and the commercial area
* Strong population growth forecast for the region within 200 m of the 2007 East Stratford development plan
* A large amount of residential development within walking distance of the site either upcoming or already under construction
* Land area: approximately 2,023 SQM
* Lease Term 10+10 + 10
* Rent Reviews 3.5% fixed annual review.
* Market Reviews - at the expiration of the term

This centre is available For Lease now

Contact Wendy Zhou 0422 011 188 or Guido Bonanni 0407 444 808 to receive a detailed information memorandum and lease documentation.

********

ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.

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Property History for 41-43 Wellsford St, Stratford, VIC 3862

A timeline of how this property has performed in the market
Last Sold
$2,690,768
15 Feb 2024
Listed for Rent
$3.31k/w
08 Sep 2021
  • 15 Feb 2024
    Sold for $2,690,768
  • 11 Jun 2021
    Listed for Rent - Price not available
  • 20 May 2020
    Listed for Sale 300,000
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About Stratford 3862

The size of Stratford is approximately 150.5 square kilometres. It has 5 parks covering nearly 0.1% of total area. The population of Stratford in 2011 was 2,614 people. By 2016 the population was 2,627 showing a population growth of 0.5% in the area during that time. The predominant age group in Stratford is 60-69 years. Households in Stratford are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Stratford work in a trades occupation. In 2011, 83.9% of the homes in Stratford were owner-occupied compared with 82.3% in 2016.

Stratford has 1,848 properties. Over the last 5 years, Houses in Stratford have seen a 63.02% increase in median value, while Units have seen a 31.55% increase. As at 30 November 2024:

  • The median value for Houses in Stratford is $510,714 while the median value for Units is $293,281.
  • Houses have a median rent of $505.
There are currently 20 properties listed for sale, and 1 property listed for rent in Stratford on OnTheHouse. According to CoreLogic's data, 67 properties were sold in the past 12 months in Stratford.

Suburb Insights for Stratford 3862

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.