OFF MARKET

14-22 Grey Street
Traralgon VIC 3844

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 10975m2
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Property Details for 14-22 Grey St, Traralgon

Building Type
Commercial
Land Size
10975m2
Local Government
Latrobe
Lot/Plan
PC353186

Last Listing description (July 2019)

Colliers International and Dawkins Occhiuto are pleased to present for sale 14-22 Grey Street, Traralgon.

14-22 Grey Street, Traralgon provides the rare opportunity to purchase a high yielding Government leased investment. The significant three level office building was originally constructed in 1991 and has been occupied by the Government ever since.


The investment is located within one of the most economically diverse municipalities in Victoria. Traralgon has been identified as the largest and fastest growing city in the Greater Latrobe Valley and is a regional city of choice for Government with major occupants including EPA Victoria and WorkSafe.

Key features of the property include:

- 3 level office building with approximately 8,386m* of NLA
- 271 undercroft and at-grade car spaces
- New 7-year lease to the Government from 1 September 2018
- Net passing rental of $3,481,813 per annum* with 3.50% fixed annual increases
- Significant site area of 10,929m*
- 3-Star NABERS rating
- Located in the largest and fastest growing city in the Greater Latrobe Valley

Should you wish to arrange a building inspection, please contact the selling agents.

approx*

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Property History for 14-22 Grey St, Traralgon, VIC 3844

A timeline of how this property has performed in the market
Last Sold
$24,405,000
13 Jun 2019
  • 13 Jun 2019
    Sold for $24,405,000
  • 20 May 2019
    Listed for Sale SOLD - $24,405,000
  • 30 Oct 2018
    Listed for Sale Not Disclosed
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About 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 15,251 properties. Over the last 5 years, Houses in Traralgon have seen a 54.38% increase in median value, while Units have seen a 55.65% increase. As at 31 December 2024:

  • The median value for Houses in Traralgon is $496,710 while the median value for Units is $324,668.
  • Houses have a median rent of $450 while Units have a median rent of $370.
There are currently 89 properties listed for sale, and 3 properties listed for rent in Traralgon on OnTheHouse. According to CoreLogic's data, 666 properties were sold in the past 12 months in Traralgon.

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