570-572 Somerville RoadSunshine West VIC 3020
Property Details for 570-572 Somerville Rd, Sunshine West
Last Listing description (January 2017)
Savills is delighted to offer for sale a strategic highly sought after main road inner western investment opportunity.
Comprises a modern office/warehouse facility constructed 1996. The property incorporates a recently refurbished single level office component, together with a versatile high clearance clearspan warehouse.
Key characteristics of this property include:
+ New 4 year lease term with further Option
+ Annual Net Income $215,000
+ Modern versatile improvements
+ Total building area 2,451 sq m
+ Excellent surrounding road networks
The property is being offer for sale by private treaty.
Property History for 570-572 Somerville Rd, Sunshine West, VIC 3020
- 26 Mar 2024Sold for $6,300,000
- 09 Jan 2017Listed for Sale Please contact agent
- 18 Nov 2016Listed for Sale Not Disclosed
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About Sunshine West 3020
The size of Sunshine West is approximately 9.6 square kilometres. It has 22 parks covering nearly 7.5% of total area. The population of Sunshine West in 2011 was 16,742 people. By 2016 the population was 18,582 showing a population growth of 11.0% in the area during that time. The predominant age group in Sunshine West is 20-29 years. Households in Sunshine West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine West work in a labourer occupation. In 2011, 72.2% of the homes in Sunshine West were owner-occupied compared with 67.7% in 2016.
Sunshine West has 8,409 properties. Over the last 5 years, Houses in Sunshine West have seen a 13.03% increase in median value, while Units have seen a 19.30% increase. As at 30 September 2024:
- The median value for Houses in Sunshine West is $696,740 while the median value for Units is $554,027.
- Houses have a median rent of $450 while Units have a median rent of $480.
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