11 Wests RoadMaribyrnong VIC 3032
Property Details for 11 Wests Rd, Maribyrnong
Last Listing description (May 2022)
This 103 sqm (approx.) immaculate shop in a busy local shopping complex is leased showing excellent rental returns (currently $48,000 plus gst pa with tenant paying outgoings and annual increases of 4%). Currently under long term lease (3 x 3 x 3 x3) operating as fish restaurant. Located in a high density residential area of Maribyrnong amongst a series of local shops and other food outlets and with plenty of parking space at the front door as well as a major new apartment development with over 180 new dwellings right across the street, this shop represents great value. This is an excellent opportunity to purchase a solid investment with great returns with a long term lease in place.
Contact Brenda Ngan on 0435152545 for further details and to arrange an inspection.
Property History for 11 Wests Rd, Maribyrnong, VIC 3032
- 07 May 2022Sold for $1,230,000
- 02 May 2022Listed for Sale $1,150,000 - $1,250,000
- 10 Mar 2017Sold for $900,000
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About Maribyrnong 3032
The size of Maribyrnong is approximately 5.5 square kilometres. There are 31 parks, covering nearly 17.0% of the total area. The population of Maribyrnong in 2016 was 12216 people. By 2021 the population was 12573 showing a population growth of 2.9% in the area during that time. The predominant age group in Maribyrnong is 30-39 years. Households in Maribyrnong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Maribyrnong work in a professional occupation.In 2021, 59.70% of the homes in Maribyrnong were owner-occupied compared with 57.60% in 2016.
Maribyrnong has 7,660 properties. Over the last 5 years, Houses in Maribyrnong have seen a 0.06% increase in median value, while Units have seen a -2.05% decrease. As at 30 June 2026:
- The median value for Houses in Maribyrnong is $1,218,384 while the median value for Units is $526,685.
- Houses have a median rent of $750 while Units have a median rent of $540.
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