20 Somerton RoadSomerton VIC 3062
Property Details for 20 Somerton Rd, Somerton
Last Listing description (February 2018)
NEAR NEW OFFICE, SHOWROOM AND WAREHOUSE WITH AMPLE CAR PARKING AND REAR TRUCK ACCESS. FEATURES INCLUDE: - BUILDING AREA: 1,175 SQM* - UPSTAIRS AIR-CONDITIONED OFFICE: 200 SQM* - CLEAR SPAN WAREHOUSE 6 -6.5 METRES - AIR-CONDITIONED SHOWROOM TENANCY DETAILS: - TENANT: PPG INDUSTRIES - COMMENCEMENT DATE: 21ST NOV 2016 - TERM OF LEASE (3) THREE YEARS + (3) THREE YEARS - ANNUAL INCREASES 3% & MARKET AT OPTION - 3 MONTH BOND - CURRENT RENT $93,622.80 PER ANUM NET PPG INDUSTRIES HAS BEEN IN EXISTENCE SINCE 1883!! - PPG LISTED ON THE NYSE - PPG NET SALES $14.8 BILLION - PPG IS RANKED 182 ON THE FORTUNE 500 *APPROX LOOKING TO SELL, LEASE OR DEVELOP YOUR PROPERTY? CONTACT ICR PROPERTY GROUP, THE EXPERTS IN COMMERCIAL REAL ESTATE. RAFF DE LUISE 0418 533 633 JULIAN MATERIA 0498 188 011
Property History for 20 Somerton Rd, Somerton, VIC 3062
- 27 Mar 2018Sold for $1,400,000
- 21 Feb 2018Listed for Sale Not Disclosed
- 03 Oct 2012Listed for Rent - Price not available
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About Somerton 3062
The size of Somerton is approximately 5.4 square kilometres. It has 5 parks covering nearly 0.9% of total area. The population of Somerton in 2016 was 0 people. By 2021 the population was 6 showing a stable population in the area during that time. The predominant age group in Somerton is 50-59 years. Households in Somerton are likely to be repaying under $300 per month on mortgage repayments. In general, people in Somerton work in a clerical occupation.In 2021, 0.00% of the homes in Somerton were owner-occupied compared with 0.00% in 2016.
Somerton has 725 properties. Over the last 5 years, Units in Somerton have seen a -7.02% decrease in median value. As at 30 November 2025:
- The median value for Houses in Somerton is $836,104 while the median value for Units is $436,994.
Suburb Insights for Somerton 3062
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