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Sold on 29 Aug 2024 - Price Unavailable

74 Ovens Street
Wangaratta VIC 3677

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 667m2
Land area: 676m2
Sold By
Garry Nash & Co
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Property Details for 74 Ovens St, Wangaratta

Building Type
Commercial
Floor Size
667m2
Land Size
676m2
Local Government
Wangaratta
Lot/Plan
1/TP122932

Last Listing description (October 2024)

* Anchored by two triple net leases with Ramsay Pharmacy Retail Services & Healius Pathology
* Three healthcare businesses in one building - pharmacy, pathology & exercise physiology
* Located opposite high performing Woolworths & next to Ovens Medical Group

* Net rental income of $141,263 with annual increases and a 4.1 year WALE (both as at August 2024)
* Well maintained asset in same ownership since 2005
* Opportunity to capitalise on the surge in healthcare property investment

Terms 10% deposit. Settlement from 3 December.
Auction: Tuesday 27th August from 11am @ REIV and online

Property History for 74 Ovens St, Wangaratta, VIC 3677

A timeline of how this property has performed in the market
Last Sold
29 Aug 2024
Listed for Rent
$35/w
08 Sep 2017
  • 29 Aug 2024
    Sold
  • 31 Jul 2024
    Listed for Sale SOLD
  • 12 Jul 2017
    Listed for Rent $21,700 / year
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About Wangaratta 3677

The size of Wangaratta is approximately 47 square kilometres. It has 55 parks covering nearly 8% of total area. The population of Wangaratta in 2011 was 17,171 people. By 2016 the population was 18,098 showing a population growth of 5.4% in the area during that time. The predominant age group in Wangaratta is 50-59 years. Households in Wangaratta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wangaratta work in a professional occupation. In 2011, 68.1% of the homes in Wangaratta were owner-occupied compared with 66.1% in 2016.

Wangaratta has 11,482 properties. Over the last 5 years, Houses in Wangaratta have seen a 62.22% increase in median value, while Units have seen a 66.03% increase. As at 31 October 2024:

  • The median value for Houses in Wangaratta is $498,762 while the median value for Units is $356,199.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 16 properties listed for sale, and 3 properties listed for rent in Wangaratta on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Wangaratta.

Suburb Insights for Wangaratta 3677

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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.