640 Somerville RoadSunshine West VIC 3020
Property Details for 640 Somerville Rd, Sunshine West
Last Listing description (December 2023)
Ray White Commercial is proud to present this unique opportunity to secure a prime located, clean modern warehouse within close proximity to major arterials.
The property is currently leased to national tenants "Liftronic", with the current lease expiring 27/02/2024 with no options making this the perfect opportunity for an owner occupier or investor to re-lease or operate their business from this prized location.
The property consists of the following features:
• Building area | 736sqm*
• Short term income $146,563.06pa net (expires 27/02/2024)
• Ground floor and level 1 offices, meeting rooms, kitchen and reception
• Dual access (front and rear)
• Front and rear container height roller doors
• Ample onsite car parking
• Clear span warehouse with mezzanine
• 3 phase power
• Dual amenities
• Securely gated estate
• Close proximity to Western Ring Road (3.2km*) & Citylink via Princess Freeway (6km*)
*approximately
Property History for 640 Somerville Rd, Sunshine West, VIC 3020
- 23 Dec 2023Sold for $1,900,000
- 26 Oct 2023Listed for Sale $2,100,000
- 04 Jun 2004Sold for $660,000
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0About 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 8,493 properties. Over the last 5 years, Houses in Sunshine West have seen a 10.39% increase in median value, while Units have seen a 17.62% increase. As at 30 November 2024:
- The median value for Houses in Sunshine West is $695,750 while the median value for Units is $551,755.
- Houses have a median rent of $470 while Units have a median rent of $475.
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