16 Buckley StreetFootscray VIC 3011
Property Details for 16 Buckley St, Footscray
Last Listing description (May 2009)
MULTIPLE CHOICES
HIGH PROFILE TWO STOREY COMMERCIAL BUILDING
THE POTENTIAL OF THIS PROPERTY IS IMMENSE. THE OPTIONS TO A POTENTIAL PURCHASE ARE MANY!
CURRENTLY: THE RENTAL RETURN IS OVER $58,700 INCLUDING OUTGOINGS AND GST.
CHOICES
1. RETAIN THE TENANCY AND REAP THE REWARDS.
2. REFURBISH THE EXISTING BUILDING THEREAFTER.
3. RE-LET THE BUILDING AT A GREATER RENTAL RETURN.
4. REFURBISH AND BUILD IN AND ON THE EXISTING BUILDING.
5. DEMOLISH AND BUILD MULTI STOREY DEVELOPMENT.
EXISTING
1. LAND AND BUILDING ARE APPROX 617M² ALL INCLUSIVE.
2. CURRENT LEASE EXPIRES 30TH JUNE 2008.
3. NEW PURCHASER CAN NEGOTIATE EXTENSION OF LEASE WITH TENANT.
THIS LAND MARK BUILDING IS CENTRALLY LOCATED WITHIN THE FOOTSCRAY SHOPPING CENTRE AND CLOSE TO VICTORIA UNIVERSITY AND A HOP SKIP AND JUMP TO THE CITY OF MELBOURNE AND THE DOCKLANDS PRECINCT.
Property History for 16 Buckley St, Footscray, VIC 3011
- 13 Jun 2008Listed for Sale Not Disclosed
- 18 Jun 2007Transferred
- 18 Jun 2007Transferred
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0About Footscray 3011
The size of Footscray is approximately 5.0 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2016 was 16345 people. By 2021 the population was 17131 showing a population growth of 4.8% in the area during that time. The predominant age group in Footscray is 30-39 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation.In 2021, 41.30% of the homes in Footscray were owner-occupied compared with 36.60% in 2016.
Footscray has 14,910 properties. Over the last 5 years, Houses in Footscray have seen a 1.28% increase in median value, while Units have seen a -0.03% decrease. As at 31 January 2026:
- The median value for Houses in Footscray is $946,800 while the median value for Units is $485,147.
- Houses have a median rent of $580 while Units have a median rent of $525.
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