1259 Sydney RoadFawkner VIC 3060
Property Details for 1259 Sydney Rd, Fawkner
Last Listing description (June 2020)
ICR Property Group are delighted to exclusively offer For Sale 1259 Sydney Road, Fawkner.
1259 Sydney Road has an immediate NET rental income of $195,877 p.a. * making this property an ideal portfolio investment opportunity for a long-term hold and future value add.
The property has huge main road exposure (30.4 metres* frontage), close proximity to the Western Ring Road and anchored by the surrounding multinational retailers including Kia, KFC, Krispy Kreme, Enzed, Ibis, Dan Murphys, Hungry Jacks, Coles, Kmart, Aldi, Officeworks.
Key Asset features:
- Land area: 1,995 sqm*
- Building area: 1,655 sqm*
- Inc 200 sqm* office
- NET income: $195,877 p.a.* + GST
- Lessee: Well established business for over 40 years
- Term: Five (5) Years
- Commencement: 30th November 2017
- Options up to 2042
- Reviews: 3% annual increases
- Reception and waiting area
- Air-conditioning
- 60 Kwh solar system supplying approximately 80% of the power to run the body shop
- Ten (10) on-site car spaces*
- Commercial 2 Zoning
- 30.4 metres* frontage to Sydney Road
Location:
- Gowrie Train Station: 350 m*
- Western Ring Road / Metropolitan Ring Road: 1 kms*
- Bell Street: 4.8 kms*
- Melbourne CBD: 12 kms*
*Approx.
If you would like to organise a private inspection or to discuss this property in more detail, please contact one of ICRs Exclusive Sales Agents below:
Raff De Luise - 0418 533 633
Julian Materia - 0498 188 011
Troy Crouch - 0411 727 095
Looking to Sell, Lease or Develop your Property? Contact ICR Property Group, the experts in Commercial Real Estate.
Property History for 1259 Sydney Rd, Fawkner, VIC 3060
- 12 Dec 2019Sold for $3,050,000
- 26 Nov 2019Listed for Sale CONTACT AGENT
- 10 May 1999Sold for $940,000
Recent sales nearby
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About Fawkner 3060
The size of Fawkner is approximately 5.3 square kilometres. It has 12 parks covering nearly 15.1% of total area. The population of Fawkner in 2016 was 14043 people. By 2021 the population was 14274 showing a population growth of 1.6% in the area during that time. The predominant age group in Fawkner is 30-39 years. Households in Fawkner are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fawkner work in a professional occupation.In 2021, 65.90% of the homes in Fawkner were owner-occupied compared with 66.70% in 2016.
Fawkner has 6,604 properties. Over the last 5 years, Houses in Fawkner have seen a 14.55% increase in median value, while Units have seen a 21.19% increase. As at 31 March 2026:
- The median value for Houses in Fawkner is $850,694 while the median value for Units is $635,830.
- Houses have a median rent of $570 while Units have a median rent of $510.
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