41 May RoadLalor VIC 3075
Property Details for 41 May Rd, Lalor
Last Listing description (April 2022)
Stonebridge Property Group is delighted to present for sale a 100% freehold interest in Coles Lalor, a Melbourne metropolitan freestanding supermarket, only 16 km* from the Melbourne CBD.
The key highlights of the opportunity include:
- Secured by a rare NET lease to Coles (2,783 sqm* GLA)^ until 2028 plus 4x5 year options
- Strong income growth potential with current annual turnover in excess of percentage rent threshold^^
- High profile 3,365 sqm* metro landholding (Commercial 1 Zoned) at the heart of the Lalor retail precinct
- High underlying land value providing an income generating, land banking opportunity
- Low occupancy cost ratio identifying a significantly under market rental level ($148 per sqm)
- Net income of $413,000 p.a.*
*Approx.
^ Area based on rough estimate from scale drawing
^^ As at 31-Dec-21
To obtain further information, please contact Stonebridge Property Group.
Justin Dowers
0438 098 805
Kevin Tong
0422 848 818
Rorey James
0439 400 081
Property Code: 372
Property History for 41 May Rd, Lalor, VIC 3075
- 18 Feb 2022Listed for Sale Contact Agent
- 11 Aug 2006Sold for $250,000
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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 16.81% increase in median value, while Units have seen a 28.45% increase. As at 31 March 2026:
- The median value for Houses in Lalor is $794,841 while the median value for Units is $565,110.
- Houses have a median rent of $530 while Units have a median rent of $480.
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