55 Grant RoadSomerville VIC 3912
Property Details for 55 Grant Rd, Somerville
Last Listing description (October 2017)
The YMCA has become available for investors looking for a solid commercial investment. The property is currently leased at $181,959 per annum (net), with the current lease expiring on 2nd April 2019, and with a further 3-year option.
Located on land of 5,037sqm, the modern 1,841sqm building (including a 268sqm mezzanine) contains a 25-metre heated indoor swimming pool, a hydro pool, gym, cardio room, other fitness areas, change rooms, and a caf . The property is zoned Industrial 3 and has extensive parking for around 80 cars.
Features at a glance include:
Land area of 5,037 m2 (approx.)
Modern 1,841 m2 building area (approx.)
Lease ends on the 2/4/19 with a further option of 3 years
$75,000 security deposit
Lessee owns all plant and equipment
Fixed CPI rental increases
Tenant to refurbish the building at the end of every lease term
Built in 2007 (approx.)
Interested parties can arrange an inspection of the property via the contacts below.
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated.
For further details contact Tom Crowder 0438 670 300 or Michael Crowder 0408 358 926.
Property History for 55 Grant Rd, Somerville, VIC 3912
- 02 Oct 2017Sold for $2,650,000
- 25 May 2017Listed for Sale Contact Agent
- 28 Aug 2007Listed for Sale Not Disclosed
Recent sales nearby
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0About Somerville 3912
The size of Somerville is approximately 38.4 square kilometres. There are 30 parks, covering nearly 5.7% of the total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.
Somerville has 5,862 properties. Over the last 5 years, Houses in Somerville have seen a 18.73% increase in median value, while Units have seen a 14.89% increase. As at 30 April 2026:
- The median value for Houses in Somerville is $931,434 while the median value for Units is $616,103.
- Houses have a median rent of $650 while Units have a median rent of $560.
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