SOLD
Sold on 21 Feb 2024 for $3,210,000

261-267 Wyndham Street
Shepparton VIC 3630

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 607m2
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Property Details for 261-267 Wyndham St, Shepparton

Building Type
Commercial
Land Size
607m2
Local Government
Greater Shepparton
Lot/Plan
CP108617

Last Listing description (August 2021)

ONLINE AUCTION ON THURSDAY 19TH OF AUGUST AT 12PM

Fitzroys is delighted to offer for sale this prominent corner freehold investment located at the intersection of Wyndham and Fryers Streets, Shepparton.

Shepparton is the regional capital of the Goulburn Valley which encompasses a substantial population catchment of 150,000 approx.

The key attributes of this exceptional opportunity include:

- Significant Blue Chip corner site of 617sqm* with extensive frontages including 38 metres to Fryers Street.
-Ultra modern retail and business bank premises recently refurbished to the expense of $1,500,000 approx.
- Fully leased to the ASX Listed ANZ Banking Group Limited from 2018 for 5 years plus options through to July 2033.
- ANZ Banking Group Limited - one of Australia's largest banks with a market capitalisation of $100 billion (July 2021).
- Rent: $115,927 per annum plus all outgoings including Land Tax (SHB) and GST.
- Annual rent reviews with Ratchet Clause applicable at Market Rent Review.
- Highly flexible and progressive Activity Centre Zoning Precinct 1 under the City of Greater Shepparton Planning Scheme.
- Superb prime position and only a short work to the popular Maude Street Mall.
- Close to major retailers and operators including Bendigo Bank, Kathmandu, Village Cinemas, Target, Government Department Offices, Coles, Kmart, Sportsgirl, Rebel Sport, Priceline, Australia Post and more.

261-267 Wyndham Street Corner of Fryers Street presents an outstanding opportunity to acquire a prominent and highly popular corner freehold leased to a long standing ASX listed Tenant offered for the first time in 20 years and only 2 hours from Melbourne.

*approx.

Property History for 261-267 Wyndham St, Shepparton, VIC 3630

A timeline of how this property has performed in the market
Last Sold
$3,210,000
21 Feb 2024
  • 21 Feb 2024
    Sold for $3,210,000
  • 19 Aug 2021
    Sold for $3,470,000
  • 20 Jul 2021
    Listed for Sale Contact Agent
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About Shepparton 3630

The size of Shepparton is approximately 42.9 square kilometres. It has 101 parks covering nearly 25.5% of total area. The population of Shepparton in 2011 was 29,553 people. By 2016 the population was 31,204 showing a population growth of 5.6% in the area during that time. The predominant age group in Shepparton is 0-9 years. Households in Shepparton are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Shepparton work in a professional occupation. In 2011, 59.9% of the homes in Shepparton were owner-occupied compared with 58.6% in 2016.

Shepparton has 18,086 properties. Over the last 5 years, Houses in Shepparton have seen a 66.20% increase in median value, while Units have seen a 56.61% increase. As at 30 September 2024:

  • The median value for Houses in Shepparton is $473,094 while the median value for Units is $342,563.
  • Houses have a median rent of $460 while Units have a median rent of $380.
There are currently 56 properties listed for sale, and 38 properties listed for rent in Shepparton on OnTheHouse. According to CoreLogic's data, 619 properties were sold in the past 12 months in Shepparton.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.