622 MOUNTAIN HIGHWAY, Bayswater, VIC 3153

Retail

Sold $545,000

  • Property ID: 446171
  • Floor Area: 147m²
  • Land Area: 190m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Retail Sold 07/10/2024 147m2 190m2 $350,000
RETAIL INVESTMENT - SECURE LEASE TO 1-2-2028

Appleby Commercial is pleased to offer 622 Mountain Highway, Bayswater to the market for sale by private treaty.
This retail building offers a high profile position with frontage to Mountain Highway.

Property Features:
- Floor Area: 147 square metres
- Land area: 190 square metres
- Ample Surrounding Car Parking
- Excellent Exposure
- Rear access
- Long standing tenant
- Commercial 1 zone

Lease Details:
- Rental: $24,900 per annum plus GST and outgoings
- Lease Term: 4 years commencing 1st February 2024
- Further Options: NIL
- Reviews: Annual CPI Reviews

For further information or to arrange an inspection contact Appleby Commercial today.

Additional Information
Features
  • Availability: NOW
  • Lease Term: 4 years to 1-2-2028
  • Rent Review: Annual CPI
  • Condition: Good
Bayswater Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $3131 $242 7.72%
Industrial $3487 $142 4.08%
Retail $5715 $249 4.35%
This is the average advertised price, rent and yield for Bayswater, VIC 3153*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Appleby Real Estate

 

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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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