38 Watsons RoadNewcomb VIC 3219
Property Details for 38 Watsons Rd, Newcomb
Last Listing description (March 2025)
Colliers are pleased to present For Sale 38 Watsons Road, Newcomb. Offered for the first time in 20 years, step into the property market with this exceptional commercial investment, perfectly positioned in the bustling suburb of Newcomb.
Property features;
- Building area of 210m*
- Corner site providing immediate exposure
- Busy retail strip
- Leased to 2029 with option to 2034
- Annual rent of $34,400 per annum
- Annual CPI rent increases
- Tenant pays outgoings
Whether you're a seasoned investor or new to the market, this is an opportunity not to be missed.
For further information or to arrange an inspection, please contact Colliers agents Jonathon Lumsden on 0402 213 572, Ned Tansey on 0492 892 101 or Jackson Carrick on 0428 879 994.
*Approximately
Property History for 38 Watsons Rd, Newcomb, VIC 3219
- 29 Jan 2025Sold for $550,000
- 13 Dec 2024Listed for Sale Contact Agent
- 07 Oct 2003Sold for $235,000
Recent sales nearby
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About Newcomb 3219
The size of Newcomb is approximately 3.6 square kilometres. It has 8 parks covering nearly 2.1% of total area. The population of Newcomb in 2016 was 4500 people. By 2021 the population was 4704 showing a population growth of 4.5% in the area during that time. The predominant age group in Newcomb is 20-29 years. Households in Newcomb are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcomb work in a community and personal service occupation.In 2021, 56.30% of the homes in Newcomb were owner-occupied compared with 59.00% in 2016.
Newcomb has 2,882 properties. Over the last 5 years, Houses in Newcomb have seen a 22.43% increase in median value, while Units have seen a 23.75% increase. As at 31 March 2026:
- The median value for Houses in Newcomb is $682,211 while the median value for Units is $486,611.
- Houses have a median rent of $480 while Units have a median rent of $423.
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