1/23 Malvern StreetBayswater VIC 3153
Property Details for 1/23 Malvern St, Bayswater
Last Listing description (October 2024)
- Rare Opportunity to purchase an industrial freehold operating as an industrial lunch shop
- Operational as an industrial lunch shop since the 1980's - over 40 years
- Current month to month tenant paying approximately $41,454 per annum
- Existing food equipment can be purchased
- Buy the freehold, build the business, sell the business, retain the freehold investment
Property History for 1/23 Malvern St, Bayswater, VIC 3153
- 06 Oct 2025Sold for $730,000
- 29 Oct 2024Listed for Sale Contact Agent
- 01 Nov 1985Sold for $150,000
Recent sales nearby
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0About Bayswater 3153
The size of Bayswater is approximately 7.9 square kilometres. It has 17 parks covering nearly 4.5% of 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 9,110 properties. Over the last 5 years, Houses in Bayswater have seen a 33.37% increase in median value, while Units have seen a 23.74% increase. As at 31 October 2025:
- The median value for Houses in Bayswater is $942,217 while the median value for Units is $694,379.
- Houses have a median rent of $585 while Units have a median rent of $550.
Suburb Insights for Bayswater 3153
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