2 Glass StreetEssendon VIC 3040
Property Details for Lot 6/2 Glass St, Essendon
Last Listing description (May 2017)
Commercial Investments in old Essendon are hard to find.
They just don't change hands.
Prominently located in the Glass Street Commercial Hub and only metres from Glenbervie Station, this is an affordable investment opportunity, currently returning $2034 pcm plus all outgoings.
Building Area 74 square meters
3x3 Lease
Annual 3% rent increases plus market increases at lease options
Call our team on 93795616 for full information and inspection details.
This is a strong investment in Essendon's heartland.
Property History for Lot 6/2 Glass St, Essendon, VIC 3040
- 11 Dec 2019Sold for $565,000
- 29 Jun 2016Listed for Sale Private Sale - $525,000
- 05 May 2016Sold for $375,000
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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 13,015 properties. Over the last 5 years, Houses in Essendon have seen a 15.14% increase in median value, while Units have seen a -1.22% decrease. As at 31 March 2026:
- The median value for Houses in Essendon is $1,942,598 while the median value for Units is $592,532.
- Houses have a median rent of $795 while Units have a median rent of $528.
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