65-67 Evans StreetSunbury VIC 3429
Property Details for 65-67 Evans St, Sunbury
Last Listing description (October 2023)
Burgess Rawson are pleased to offer to the market, Westpac and Piano on Evans, Sunbury VIC for sale via our Investment Portfolio Auction 164.
The property has the following investment highlights:
+ Renewed Five (5) year Westpac lease to September 2026 plus options to 2032.
+ Strong, set-and-forget net lease structure with Westpac responsible for all usual outgoings including land tax as per the lease.
+ Prominent 513 sqm* freehold site with valuable Commercial 1 Zoning.
+ Significant double storey building with a combined area of 756 sqm*.
+ Prime 14.5m* frontage to Evans Street and plus rear parking access via ROW.
+ Five (5) year lease to Piano on Evans to July 2027 plus options to 2037.
+ Piano on Evans: the North-West Melbourne's newest dedicated live music venue situated in the town centre. Operator with four locations including Northcote, Windsor and Altona.
+ First floor tenancy operates as a piano bar on Friday nights and a nightclub on Saturday nights with important 3am liquor license.
+ Both leases include attractive annual CPI reviews with market reviews at the options.
+ Future potential development opportunity (STCA) with inner city living currently being promoted by local council.
+ Superb central location in the heart of the Sunbury CBD surrounded by leading national businesses including CBA, ANZ, Chemist Warehouse, Target, Big W, Dorevitch Pathology, Australia Post, Woolworths, BWS, Dan Murphy's and Coles.
+ Sunbury: Booming satellite city 38kms* from the Melbourne CBD with a population forecast to grow by 155% by 2041^
+ Net Income: $159,387.88 pa* + GST
To be sold by Investment Portfolio Auction 164
10:30am AEDT, Wednesday 25 October 2023
Crown Metropol, Melbourne VIC
For more information, please contact the exclusive selling agents.
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
MATTHEW WRIGHT
0458 290 588
mwright@burgessrawson.com.au
*Approx
**Westpac.com.au
^Forecast ID
Property History for 65-67 Evans St, Sunbury, VIC 3429
- 26 Sep 2023Listed for Sale Price on Request
Recent sales nearby
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About Sunbury 3429
The size of Sunbury is approximately 132.0 square kilometres. It has 93 parks covering nearly 5.3% of total area. The population of Sunbury in 2016 was 36084 people. By 2021 the population was 38851 showing a population growth of 7.7% in the area during that time. The predominant age group in Sunbury is 30-39 years. Households in Sunbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunbury work in a professional occupation.In 2021, 77.60% of the homes in Sunbury were owner-occupied compared with 76.50% in 2016.
Sunbury has 25,353 properties. Over the last 5 years, Houses in Sunbury have seen a 22.64% increase in median value, while Units have seen a 23.11% increase. As at 31 March 2026:
- The median value for Houses in Sunbury is $776,635 while the median value for Units is $534,211.
- Houses have a median rent of $550 while Units have a median rent of $453.
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