1 Messmate StreetLalor VIC 3075
Property Details for 1 Messmate St, Lalor
Last Listing description (November 2023)
Aston Commercial are pleased to offer 1 Messmate Street, Lalor for Private Sale.
This freehold investment comprises a premium multi-purpose Medical Centre designed to meet the exacting standards of the local community and growing location.
Securely leased, the tenant is a subsidiary of Sonic Health Care and forms part of the national IPN Medical centres network. IPN is Australia's largest operator of Medical Centres and provider of quality management services and facilities for Doctors.
Medical assets have proven themselves to be secure and long term investment plays. Recent events have only reinforced this view. Healthcare provides secure yields, driving long term growth even during times of economic downturn.
This is clearly endorsed by the current tenant recently renewing their option and committing to a future term.
1 Messmate Street is superbly positioned on a triple frontage block only 17km's from the CBD within the fast growing region of Melbourne's North.
Property Features:
Long standing tenant trading in the area since 1973
On-site staff parking
Aston Commercial strongly recommend this quality long term investment for your serious consideration.
To arrange an inspection or for more information, please contact the exclusive selling agents.
*approx
Property History for 1 Messmate St, Lalor, VIC 3075
- 27 Mar 2024Sold for $3,060,000
- 21 Sep 2022Listed for Sale $3,800,000
- 07 May 2020Listed for Sale 640,000- 660,000
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0About Lalor 3075
The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of total area. The population of Lalor in 2016 was 22594 people. By 2021 the population was 23219 showing a population growth of 2.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a professional occupation.In 2021, 69.50% of the homes in Lalor were owner-occupied compared with 70.60% in 2016.
Lalor has 10,087 properties. Over the last 5 years, Houses in Lalor have seen a 20.00% increase in median value, while Units have seen a 29.52% increase. As at 31 December 2025:
- The median value for Houses in Lalor is $786,150 while the median value for Units is $559,908.
- Houses have a median rent of $520 while Units have a median rent of $480.
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