151-153 Furlong RoadSt Albans VIC 3021
Property Details for 151-153 Furlong Rd, St Albans
Last Listing description (September 2021)
+ Renewed Five (5) year lease to June 2026 tenant on-site 20+ years.
+ No further options Investors, Owner occupier or land bankers.
+ Situated within the state government's Sunshine Health, Wellbeing and Education precinct including Sunshine hospital (recent $34m upgrade), $100m Sunshine Private Hospital (under construction), new Joan Kirner Women's & Children's Hospital and $51 million health teaching and training campus.
+ Rare fixed annual 4% rent increases assuring growth.
+ Investor preferred net lease terms with tenant paying all usual outgoings excluding Land Tax.
+ Well-presented clinic with capital intensive fit-out including 10+ specialist rooms and 13 on-title car parks.
+ Irreplaceable 1,062sqm site across two titles with important 32 metre frontage to Furlong Road.
+ Future development potential up to 4 levels STCA.
+ Highly sought after 'essential service' medical investment.
+ Easily accessible site within 400 metres of Western Ring Road, St Albans Road and Ginifer Train Station.
+ St Albans: 16kms from Melbourne CBD, with in the booming western population growth corridor of the Brimbank City Council expected to 16.8% to over 240,000 by 2041.
+ Estimated Net Income: $252,344 pa + GST.
For Sale by Investment Portfolio Auction
11am (AEST) Tuesday 28 September 2021
Contact Agents
Burgess Rawson
Jamie Perlinger 0413 860 315
Beau Coulter 0413 839 898
Natalie Couper 0413 856 983
Cameron.
Ed Cooper 0410 529 921
Ben Cooper 0425 767 677
Property History for 151-153 Furlong Rd, St Albans, VIC 3021
- 09 Sep 2021Sold for $6,000,000
- 25 Aug 2021Listed for Sale Price on Request
- 27 Aug 2015Sold for $3,200,000
Recent sales nearby
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About St Albans 3021
The size of St Albans is approximately 13.0 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2016 was 37309 people. By 2021 the population was 38042 showing a population growth of 2.0% in the area during that time. The predominant age group in St Albans is 20-29 years. Households in St Albans are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation.In 2021, 59.10% of the homes in St Albans were owner-occupied compared with 60.50% in 2016.
St Albans has 17,234 properties. Over the last 5 years, Houses in St Albans have seen a 12.35% increase in median value, while Units have seen a 20.83% increase. As at 30 April 2026:
- The median value for Houses in St Albans is $740,348 while the median value for Units is $542,438.
- Houses have a median rent of $500 while Units have a median rent of $450.
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