4/1142 Mt Alexander RoadEssendon VIC 3040
Property Details for 4/1142 Mt Alexander Rd, Essendon
4/1142 Mt Alexander Rd, Essendon is a 0 bedroom, 0 bathroom Unit with 3 parking spaces and was built in 2006. The property has a land size of 2898m2. While the property is not currently for sale or for rent, it was last sold in February 2007.
Last Listing description (May 2018)
MUST BE SOLD
Only for the Savvy Investor is this unique opportunity to purchase with the Essendon Grand Punt Hill Serviced apartment complex.
On offer is the opportunity to purchase Lot G04 on the existing Plan of Subdivision which is currently being used as the complex Gym & Conference room. Plus lots 18, 19 & 20, the secure basement carparks.
This space could be one day developed into 2 separate units or a large commercial office (or 2 offices) when the existing tenant, PUNT HILL vacated. (subject to council approval)
Currently returning $32,835.36 per annum ,$2736.28 per month, or a whopping $631.44per week.
In a superb location with shops, public transport, pubs and major road arterioles nearby.
Good long stable tenant who has been in the property for over 10 years & has just extended in February 2016 for another 5 years.
Lease with yearly CPI reviews and an extra 3 x 5 year options.
There are NO vacancy periods, no letting fees and the tenant pays the body corporate.
Strong Tenant being Punt Hill Serviced Apartments www.punthill.com.au This property will not stick around.
Property History for 4/1142 Mt Alexander Rd, Essendon, VIC 3040
- 17 Apr 2018Listed for Sale $460,000 - $480,000
- 23 Feb 2007Sold for $1,300,000
Recent sales nearby
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.
Essendon has 13,013 properties. Over the last 5 years, Houses in Essendon have seen a 21.97% increase in median value, while Units have seen a 1.05% increase. As at 31 December 2025:
- The median value for Houses in Essendon is $1,978,876 while the median value for Units is $595,880.
- Houses have a median rent of $650 while Units have a median rent of $500.
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