427 Raymond StreetSale VIC 3850
Property Details for 427 Raymond St, Sale
Last Listing description (December 2021)
Situated in a vibrant sector of the CBD is this exceptional commercial freehold that be a perfect addition to your investment portfolio.
Set on secure 2 year lease to an A1 tenant from 1/2/21-1/2/23 @ $26,000 PA plus GST & Outgoings. There are 2 x 3 Year options with rent at $28,000. 1/2/23-1/2/26 and then 1/2/26-1/2/29 at $30,000
The shop has a wide frontage of some 9.9m and offers in the region of 300sqm floor space that incorporates show room area, work room, storeroom, office, kitchen and staff amenities. The property is in great condition throughout and boasts three reverse cycle heating/cooling units, hard wearing floor coverings, integrated solar power system and much more that you should see for yourself.
Property History for 427 Raymond St, Sale, VIC 3850
- 07 Jun 2022Sold for $580,000
- 26 Sep 2019Listed for Sale $595,000
- 24 Sep 2019Listed for Rent $34,650 / week
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0About Sale 3850
The size of Sale is approximately 46.0 square kilometres. There are 35 parks, covering nearly 2.8% of the total area. The population of Sale in 2016 was 13673 people. By 2021 the population was 14296 showing a population growth of 4.6% in the area during that time. The predominant age group in Sale is 30-39 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation.In 2021, 64.50% of the homes in Sale were owner-occupied compared with 63.90% in 2016.
Sale has 8,974 properties. Over the last 5 years, Houses in Sale have seen a 44.51% increase in median value, while Units have seen a 37.05% increase. As at 31 July 2026:
- The median value for Houses in Sale is $567,646 while the median value for Units is $355,949.
- Houses have a median rent of $520 while Units have a median rent of $410.
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