56B Cunninghame StreetSale VIC 3850
Property Details for 56b Cunninghame St, Sale
Last Listing description (October 2024)
A rare opportunity to secure a well-positioned commercial property in the heart of Sale's thriving business district. This investment is a guarantee with its current tenant Workforce Plus Inc, who is a reputable tenant specialising in workforce development and employment services. The current rent is set at $43,541.40 + GST per annum giving a healthy yield of 5.12%, with the lease expiring on 2nd July 2026. A further 3-year option has the potential to extend the term through to 2029! This lease also has annual CPI increases along with market reviews at term. The tenant is responsible for all outgoings, excluding land tax, providing a reliable and secure investment opportunity.
Why Invest?
1. Prime Location: Positioned directly across from Gippsland Centre Sale and moments from Sale's CBD, this property ensures excellent visibility and easy access for clients and staff alike.
3. Secure Tenancy: Leased to Workforce Plus Inc, a reliable organisation that covers all outgoings except land tax, providing a hassle-free investment.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist, or call us on (03) 5144 4333
Property History for 56b Cunninghame St, Sale, VIC 3850
- 10 Sep 2024Listed for Sale $850,000
- 29 Nov 2022Listed for Rent $3,450 / month
- 25 Jul 2011Sold for $500,000
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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 8,975 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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