559 Ballarat RoadAlbion VIC 3020
Property Details for 559 Ballarat Rd, Albion
Last Listing description (October 2023)
Burgess Rawson is pleased to offer to the market the United Petroleum Sunshine located at 559 Ballarat Road, Albion (Sunshine) VIC for sale via our Investment Portfolio Auction 164.
This opportunity has the following key investment highlights:
+ Brand new ten (10) year net lease to 2033 plus four (4) further five (5) year options to 2053.
+ Strong and certain rental growth with fixed annual, compounding 3% increases.
+ Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+ Recent tenant funded upgrade, offering modern infrastructure and substantial depreciation benefits.
+ Immaculate 2,089sqm* retail site with frontage and exposure to Ballarat Road, an important main arterial road servicing an average of 42,000 vehicles per day.***
+ Favourable 'Residential Growth Zoning', allowing for buildings up to and including four (4) storey (16 metre) buildings.
+ Located 1km* from Vicinity-owned Sunshine Marketplace, a single supermarket and DDS shopping centre anchored by Woolworths and Big W, complemented by over 50 specialty stores.****
+ Bunnings, Woolworths, Coles, ALDI, Dan Murphy's, JB Hi-Fi, McDonald's, KFC, Hungry Jack's, Big W and Western Ring Road connection all within 2km.*
+ Within a 3km radius of the site, over 32,300 vehicles spend a total of $55.3 million on fuel annually and on average 1.65 vehicles per household.***
+ Melbourne's 2nd Largest LGA, the City of Brimbank generates $25.85 billion in annual economic output with an estimated 68,766 jobs in the area.*****
+ To support the City of Brimbank's growing population, building approvals have increased by 63% to $846 million since FY2021.*****
+ Sunshine: Strategic Metro-Melbourne location just 11km west of Melbourne CBD, population forecast to grow 71.5% by 2041.******
+ Rent: $250,000 pa + GST*
To be sold via Investment Portfolio Auction 164
10:30AM (AEDT) Wednesday 25 October 2023
Crown Metropol - Melbourne
Unless Sold Prior
*Approx
** United Petroleum
*** GapMaps
****Vicinty
*****Remplan
******Forecast.id
Property History for 559 Ballarat Rd, Albion, VIC 3020
- 22 Sep 2023Listed for Sale Price on Request
- 16 May 2000Sold for $374,000
Recent sales nearby
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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 2,755 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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