16B/22 Mckimmies RoadLalor VIC 3075
Property Details for 16b/22 Mckimmies Rd, Lalor
Last Listing description (March 2022)
- Superbly located investment at the main entrance of the cosmopolitan and popular Lalor Plaza Shopping Centre
- Leased to a well-established takeaway/cafe with a secure long lease from 16.102017 of 5 + 5 + 5 years
- Current income of $26,610 per annum net
- Fixed 3 percent annual increases
- Market review in year one of each option
- Huge customer car parking for 400 cars
- Anchor tenancies include Coles Supermarket, Priceline Pharmacy and Bottlemart
Excellent opportunity to purchase an investment property leased to a very well established long-standing business.
Property History for 16b/22 Mckimmies Rd, Lalor, VIC 3075
- 19 Feb 2022Sold for $520,000
- 24 May 2021Listed for Sale $550,000 to $600,000
- 01 May 2009Sold for $330,000
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About 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 10,077 properties. Over the last 5 years, Houses in Lalor have seen a 14.44% increase in median value, while Units have seen a 25.75% increase. As at 30 April 2026:
- The median value for Houses in Lalor is $797,771 while the median value for Units is $564,328.
- Houses have a median rent of $540 while Units have a median rent of $490.
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