1/59 Malvern StreetBayswater VIC 3153
Property Details for 1/59 Malvern St, Bayswater
Last Listing description (April 2016)
Axis property is pleased to offer this caf? investment opportunity which has been leased to the same tenant for the past 10 years.
This is a strong business with excellent tenants so this is sure to be an easy addition to your property portfolio.
Well located in a busy rapidly developing industrial pocket of Bayswater and close to major arterial roads.
Established tenant in occupation since 2006
Building area - 120 Sqm (approx.)
Current net rent - $43,828 p.a.
Lease term - Five (5) years
Options - Five (5) x Five (5) years
Annual increases
Well presented building, experienced cafe operators with strong rental history.
Affordable investment opportunity don't miss this one.
Property History for 1/59 Malvern St, Bayswater, VIC 3153
- 12 Apr 2016Sold for $650,000
- 12 Jan 2016Listed for Sale Not Disclosed
- 28 Nov 2014Listed for Sale Not Disclosed
Recent sales nearby
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0About 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 9,128 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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