1/16 Malvern StreetBayswater VIC 3153
Property Details for 1/16 Malvern St, Bayswater
Last Listing description (May 2022)
Auction Onsite and Online Thursday 19th May at 11:30am.
Tenant and Lease Details:-
- Tenant - V-Space Parkers Pty Ltd
- Lease 3 + 2 years commencing 01/12/2020
- Fixed 4% Annual increases.
This modern factory with long term tenant is located close to Mountain Highway and just off Scoresby Road offering convenient access to Arterials EastLink.
The property enjoys street front access from Malvern Street and dedicated car parking.
The precinct is further enhanced with the $177 million Mountain Highway, Scoresby Road, Bayswater Train Station and Level Crossing.
Property Features include:-
- Building area: 250 sqm*
- Includes 96 sqm* reception and first floor office
- 3 Phase power
- 7m* High clearance warehouse
- High clearance automatic roller shutter door
- Three (3) on title car parking spaces
- Industrial 1 Zone (I1Z)
* Approximate
To arrange a private inspection, please call Paul Waterhouse or Mitch Rosam.
Property History for 1/16 Malvern St, Bayswater, VIC 3153
- 10 Jun 2022Sold for $700,000
- 14 Apr 2022Listed for Sale Price on Application
- 20 Jul 2020Listed for Rent $28,500 / year
Recent sales nearby
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About Bayswater 3153
The size of Bayswater is approximately 7.9 square kilometres. There are 17 parks, covering nearly 4.5% of the total area. The population of Bayswater in 2016 was 11758 people. By 2021 the population was 12262 showing a population growth of 4.3% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 63.40% of the homes in Bayswater were owner-occupied compared with 65.30% in 2016.
Bayswater has 9,131 properties. Over the last 5 years, Houses in Bayswater have seen a 6.53% increase in median value, while Units have seen a 11.86% increase. As at 31 May 2026:
- The median value for Houses in Bayswater is $892,736 while the median value for Units is $675,820.
- Houses have a median rent of $640 while Units have a median rent of $575.
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