123-125 Franklin StreetTraralgon VIC 3844
Property Details for 123-125 Franklin St, Traralgon
Last Listing description (September 2024)
Exceptional investment opportunity in absolute prime, main street location
> Leased to Telstra Limited, one of Australia's top 20 ASX listed companies
> Rent $74,263 p.a with 3% fixed annual increases
> Tenant pays all outgoings including land tax
> Recently completed fit out by tenant to Telstra's latest specification
> Building area - 259sqm*, site area - 337sqm*, 6 on site titled car spaces and rear laneway access
> An absolute 'set and forget' investment on the best commercial retail strip in Traralgon only 75m* to Traralgon Centre Plaza
> Potential 50% stamp duty concession available ^
*(approx)
(^ as of 10/1/2024)
Property History for 123-125 Franklin St, Traralgon, VIC 3844
- 18 Jul 2024Listed for Sale Contact Agent
- 28 Jun 2024Sold for $1,335,000
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0About Traralgon 3844
The size of Traralgon is approximately 56.3 square kilometres. It has 78 parks covering nearly 4.3% of total area. The population of Traralgon in 2011 was 23,834 people. By 2016 the population was 24,924 showing a population growth of 4.6% in the area during that time. The predominant age group in Traralgon is 20-29 years. Households in Traralgon are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Traralgon work in a professional occupation. In 2011, 69.5% of the homes in Traralgon were owner-occupied compared with 68.8% in 2016.
Traralgon has 15,189 properties. Over the last 5 years, Houses in Traralgon have seen a 62.97% increase in median value, while Units have seen a 55.07% increase. As at 30 September 2024:
- The median value for Houses in Traralgon is $518,149 while the median value for Units is $320,225.
- Houses have a median rent of $450 while Units have a median rent of $360.
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