7 Burnett StreetSomerton VIC 3062
Property Details for 7 Burnett St, Somerton
Last Listing description (November 2023)
This prominent standalone office warehouse features fully fitted first floor offices, heating/cooling to offices, reception/foyer, quality staff amenities and lunch room, warehouse with excellent internal clearance (9m), painted internal walls, 10 onsite car spots and electric gates with steel perimeter fences.
Located in the North Park Estate with easy access to the Hume Freeway, M80 Ring Road and all arterial routes. A perfect solution for either in the investor or your growing business.
currently tenanted on the following lease terms and conditions:
- Tenant: Panda Kids Pty Ltd
- Rental: $74,263 p.a. plus all outgoings
- Commencement Date: 01/10/2021
- Term: Three (3) Years
- Fixed increases of 3% annually
Office Area: 80 sqm
Warehouse Area: 790 sqm
Total Building Area: 870 sqm
Approximately
Property History for 7 Burnett St, Somerton, VIC 3062
- 26 Feb 2024Sold for $2,170,000
- 27 Nov 2023Listed for Sale Contact Agent
- 30 Apr 2021Listed for Rent - Price not available
Recent sales nearby
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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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