OFF MARKET

313 Princes Highway
Traralgon East VIC 3844

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 406m2
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Property Details for 313 Princes Hwy, Traralgon East

Building Type
Commercial
Land Size
406m2
Local Government
Latrobe
Lot/Plan
3/PS532288

Last Listing description (November 2023)

A golden opportunity to purchase this well built property complete with a well established tenancy. Located at 313 Princes Hwy Traralgon, this 406m2 (approx.) concrete tilt constructed property has prime highway exposure and a well established tenancy in place. Indented parking to the front of the building and access to the rear via common area with some staff parking available.

Due to the nature of the tenancy, photo opportunities are limited. Please don't hesitate to contact us for an inspection.

Currently tenanted at $54,570 per annum plus GST and outgoings, this property is currently yielding a 6% return. With a lease in place until 31st July 2024 plus a 3 year option available and an opportunity to purchase as a Going Concern, this investment is one to add to your portfolio.

Priced at $900,000 (Going Concern or plus GST if applicable)

For more information contact Grant Williams 0412 513 470, Chris Williams 0412 517 292 or Keith Williams Real Estate Traralgon on 5174 7777.

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Property History for 313 Princes Hwy, Traralgon East, VIC 3844

A timeline of how this property has performed in the market
Last Sold
$870,000
04 Jul 2023
  • 04 Jul 2023
    Sold for $870,000
  • 30 May 2023
    Listed for Sale CONTACT AGENT
  • 07 May 2012
    Sold for $650,000
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About Traralgon East 3844

The size of Traralgon East is approximately 34.9 square kilometres. It has 3 parks covering nearly 1% of total area. The population of Traralgon East in 2011 was 1,864 people. By 2016 the population was 1,738 showing a population decline of 6.8% in the area during that time. The predominant age group in Traralgon East is 40-49 years. Households in Traralgon East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Traralgon East work in a professional occupation. In 2011, 89.6% of the homes in Traralgon East were owner-occupied compared with 91.5% in 2016.

Traralgon East has 1,056 properties. Over the last 5 years, Houses in Traralgon East have seen a 40.46% increase in median value. As at 31 October 2024:

  • The median value for Houses in Traralgon East is $670,070 while the median value for Units is $447,266.
  • Houses have a median rent of $483.
There are currently 3 properties listed for sale, and no properties listed for rent in Traralgon east on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Traralgon east.

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