39 Zakwell Court, Coolaroo, VIC 3048 sold on 29 April 2026 | OnTheHouse
SOLD
Sold on 29 Apr 2026 for $2,400,000

39 Zakwell Court
Coolaroo VIC 3048

Bedrooms: -
Bathrooms: -
Car spaces: 9
Land area: 1111m2
Save

Property Details for 39 Zakwell Ct, Coolaroo

Building Type
Commercial
Land Size
1111m2
Local Government
Hume
Lot/Plan
10/PS422330

Last Listing description (August 2026)

39 Zakwell Court, Coolaroo presents a compelling opportunity for investors seeking secure income and long-term capital growth, underpinned by a flexible Commercial 2 Zone (C2Z).

Key investment highlights

• Commercial 2 Zone (C2Z) - wide range of permissible uses (STCA)
• Net Lettable Area (NLA): approx. 920 m²
• Land area: approx. 1,111 m²
• Tenant pays 100% of outgoings including land tax
• Strong income growth potential and minimal landlord responsibilities
• Located within a proven and tightly held northern Melbourne commercial precinct

Lease summary
• Lease term: 4 years with two further options of 5 years
• Rent: $144,000 per annum + GST
• Outgoings: 100% paid by tenant
• Land tax: Payable by the tenant
This lease structure provides investors with secure, compounding income in a high-demand location.

The Asset
The property comprises approximately 920 m² of net lettable building area situated on a 1,111 m² Commercial 2 zoned allotment. The asset is leased to Chemical Solutions, a well-established operator, providing investors with immediate and secure rental income.
The improvements offer a practical and functional industrial layout suited to warehousing, manufacturing and trade-based uses, supporting long-term tenant retention.

Location & strategic appeal
Situated within Coolaroo's established commercial and industrial precinct, Zakwell Court is strategically positioned with excellent access to Melbourne's major arterial road network.
• Minutes to Somerton Road and Pascoe Vale Road
• Direct access to the Hume Freeway (M31) and Western Ring Road
• Convenient connectivity to Melbourne Airport, Melbourne CBD and key logistics corridors
• Short Drive to retail hub of Roxburgh Village with Major retailers of McDonalds, Coles & Chemist Warehouse

39 Zakwell Court, Coolaroo offers a secure, long-term investment with 100% of outgoings and land tax fully recoverable. Underpinned by a 920 m² NLA on a 1,111 m² landholding in Melbourne's tightly held northern corridor, this is a compelling opportunity for private and SMSF investors.
Secure the income today - benefit from the growth tomorrow.
Contact Tim Frlan 0412 767 656 or Jonathon Arfi 0473 080 322 Today!



Property History for 39 Zakwell Ct, Coolaroo, VIC 3048

A timeline of how this property has performed in the market
Last Sold
$2,400,000
29 Apr 2026
  • 29 Apr 2026
    Sold for $2,400,000
  • 04 Jan 2026
    Listed for Sale $2,500,000 - $2,600,000
  • 19 Nov 2013
    Sold for $950,000
Sign in to see more transactions
Commute Calculator

About Coolaroo 3048

The size of Coolaroo is approximately 3.1 square kilometres. There are 4 parks, covering nearly 3.6% of the total area. The population of Coolaroo in 2016 was 3191 people. By 2021 the population was 3193 showing a population growth of 0.1% in the area during that time. The predominant age group in Coolaroo is 20-29 years. Households in Coolaroo are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolaroo work in a machinery operators and drivers occupation.In 2021, 63.40% of the homes in Coolaroo were owner-occupied compared with 66.10% in 2016.

Coolaroo has 1,788 properties. Over the last 5 years, Houses in Coolaroo have seen a 22.48% increase in median value, while Units have seen a 29.49% increase. As at 31 July 2026:

  • The median value for Houses in Coolaroo is $624,769 while the median value for Units is $513,960.
  • Houses have a median rent of $500.
There are currently 3 properties listed for sale, and 7 properties listed for rent in Coolaroo on OnTheHouse. According to Cotality's data, 54 properties were sold in the past 12 months in Coolaroo.

Suburb Insights for Coolaroo 3048

Market Insights
Coolaroo Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Coolaroo Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.