SOLD
Sold on 07 Dec 2023 for $4,400,000

15-19 Station Place
Werribee VIC 3030

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 813m2
Sold By
Fitzroys Pty Ltd
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Property Details for 15-19 Station Pl, Werribee

Building Type
Commercial
Land Size
813m2
Local Government
Wyndham
Lot/Plan
1/TP825555

Last Listing description (November 2023)

Fitzroys is pleased to present 15-19 Station Place, Werribee for sale by Expressions of Interest on Wednesday 29th November at 1pm.

Key attributes include:

- Renewed 5 + 5 year lease from December 2023 to ASX Listed Cash Converters

- Returning $185,081* per annum with fixed annual increases
- Tenant pays all outgoings including land tax (on a single holding basis)
- Significant Werribee CBD building formerly known as The Palais Theatre
- Generously proportioned landholding of 813sqm*
- Commanding frontage of 21.34 metres* to Station Place
- Immediately adjacent to Werribee Train Station entrance
- Large council car park at rear with direct customer access to property via side public walkway
- Situated within the commercial heart of Werribee's Activity Centre
- Amongst major retail powerhouses including Woolworths, Coles, Bunnings, Officeworks in addition to major banks, The Holiday Inn Hotel and an array retail, hospitality and lifestyle amenity
- In proximity to Mercy and St Vincent Hospitals, Melbourne University and Victoria University
- Underpinned by Wyndham's rapid population growth and expansion with Werribee City Centre considered to be 'The Heart of Wyndham'

For any further information please contact exclusive Fitzroys agents Chris Kombi or Ervin Niyaz.

*approximate.

Property History for 15-19 Station Pl, Werribee, VIC 3030

A timeline of how this property has performed in the market
Last Sold
$4,400,000
07 Dec 2023
  • 07 Dec 2023
    Sold for $4,400,000
  • 26 Oct 2023
    Listed for Sale Contact Agent
  • 30 Jan 2003
    Sold for $875,000

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About Werribee 3030

The size of Werribee is approximately 42.7 square kilometres. It has 69 parks covering nearly 8.1% of total area. The population of Werribee in 2011 was 37,737 people. By 2016 the population was 40,344 showing a population growth of 6.9% in the area during that time. The predominant age group in Werribee is 20-29 years. Households in Werribee are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Werribee work in a clerical occupation. In 2011, 68.6% of the homes in Werribee were owner-occupied compared with 65.4% in 2016.

Werribee has 28,367 properties. Over the last 5 years, Houses in Werribee have seen a 22.60% increase in median value, while Units have seen a 18.81% increase. As at 31 October 2024:

  • The median value for Houses in Werribee is $632,262 while the median value for Units is $435,135.
  • Houses have a median rent of $478 while Units have a median rent of $410.
There are currently 188 properties listed for sale, and 76 properties listed for rent in Werribee on OnTheHouse. According to CoreLogic's data, 1222 properties were sold in the past 12 months in Werribee.

Suburb Insights for Werribee 3030

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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.