528A Ballarat RoadAlbion VIC 3020
Property Details for 528a Ballarat Rd, Albion
Last Listing description (May 2015)
Industrial Facility with Surplus Land and Rental Income!
A rare opportunity presents itself at 528A Ballarat Road, Albion; an industrial facility with surplus land over three titles and rental income.
The property is currently leased to Westkon Precast Pty Ltd and Boral Resources (Vic) Pty Ltd; returning a total of $342,155.00 per annum gross plus GST.
A convenient major highway location with easy access to the Western Ring Road adds to the appeal of this outstanding opportunity.
This quality property offers endless options including investment, refurbishment or development, enquire today!
* Note attachment: Equipment Owned by Westkon Precast Pty Ltd - excluded from sale of property.
Property History for 528a Ballarat Rd, Albion, VIC 3020
- 18 Sep 2013Listed for Sale Not Disclosed
- 29 Jun 1995Sold for $1,500,000
- 06 May 1988Sold for $320,000
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About Albion 3020
The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.
Albion has 2,753 properties. Over the last 5 years, Houses in Albion have seen a 13.72% increase in median value, while Units have seen a 2.64% increase. As at 31 March 2026:
- The median value for Houses in Albion is $807,026 while the median value for Units is $429,169.
- Houses have a median rent of $505 while Units have a median rent of $393.
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