SOLD
Sold on 16 Apr 2024 for $1,750,000

7 Wall Street
Thomastown VIC 3074

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1350m2
Land area: 912m2
Sold By
Paul Jones
Jones Real Estate
Sam Guest
Jones Real Estate
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Property Details for 7 Wall St, Thomastown

Building Type
Commercial
Floor Size
1350m2
Land Size
912m2
Local Government
Whittlesea
Lot/Plan
9/PS700334

Last Listing description (October 2023)

Jones Real Estate is privileged to present 7 Wall Street, Thomastown to the market for Sale Via Private Negotiation.

Positioned in the heart of one Melbourne's most sought after logistical and industrial precincts Thomastown; this dual story commercial office building features 1,224sqm* of net saleable area and an unprecedented 20+ car parks. Situated near some of Victoria's major thoroughfares such as High Street, Dalton Road, Settlement Road, Metropolitan Ring Road, and the Hume Highway allowing for accessibility not only to Melbourne's CBD but to greater Victoria.

Key highlights of this property include but aren't limited to:

- Strategically situated in the heart of Thomastown, offering excellent connectivity to major thoroughfares and key arterial main roads, the properties key location allows for easy access to key locales throughout Victoria.

- Generous NSA of 1,224sqm* providing ample space to accommodate various business needs and their operations. Its well-designed layout ensures the ultimate functionality, the property also features a fully fitted kitchen and end of trip facilities.

- 20+ car parks, ensuring hassle-free parking for staff and visitors.

- Featuring a tranquil and secure garden area, the perfect hosting opportunity for staff events and guests.

- Melbourne's northern industrial market features a 0.0% industrial vacancy rate^^.

- Industrial 1 Zone INZ1 allowing for a range of potential uses, making it adaptable for corporate headquarters, professional service firms and building companies. This zoning flexibility opens up numerous possibilities for businesses^.

- Unrivalled connectivity with seamless access to major arterial roads such as High Street, Dalton Road, Settlement Road, Metropolitan Ring Road, and the Hume Highway.

*Approx.
^^Urbis.com.au

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Property History for 7 Wall St, Thomastown, VIC 3074

A timeline of how this property has performed in the market
Last Sold
$1,750,000
16 Apr 2024
Listed for Rent
26 Nov 2018
  • 16 Apr 2024
    Sold for $1,750,000
  • 28 Sep 2023
    Listed for Sale Contact Agent
  • 18 Feb 2019
    Sold for $1,025,000
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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. It has 23 parks covering nearly 4% of total area. The population of Thomastown in 2011 was 20,330 people. By 2016 the population was 20,482 showing a population growth of 0.7% in the area during that time. The predominant age group in Thomastown is 20-29 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thomastown work in a labourer occupation. In 2011, 72.6% of the homes in Thomastown were owner-occupied compared with 68.5% in 2016.

Thomastown has 11,751 properties. Over the last 5 years, Houses in Thomastown have seen a 19.94% increase in median value, while Units have seen a 24.74% increase. As at 31 October 2024:

  • The median value for Houses in Thomastown is $706,966 while the median value for Units is $500,661.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 60 properties listed for sale, and 35 properties listed for rent in Thomastown on OnTheHouse. According to CoreLogic's data, 388 properties were sold in the past 12 months in Thomastown.

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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.