42-46 Vella DriveSunshine West VIC 3020
Property Details for 42-46 Vella Dr, Sunshine West
Last Listing description (July 2022)
+Renewed Five (5) year lease to November 2026 plus option to 2031.
+Square: successful cool room and insulated panel manufacturer with over 15 years' experience.
+Investor preferred net lease terms with tenant paying all outgoings including land tax.
+1,025sqm* factory including clear span warehouse, two level head office, 3 high RSD's providing for internal truck drive through and 8 on-title car spaces.
+Important private driveway access from Vella Drive and secure fenced yard.
+Booming industrial sector with current record low vacancy rates of 5% nationally and 2.7% in Melbourne.**
+Ideal for distribution, strategically situated just off busy Somerville Road, with easy access to Western Ring Road, Westgate Freeway, Princes Highway and Port of Melbourne.
+Situated in the City of Brimbank which has a GRP of $10.58B, representing 2.24% of the states GSP, with manufacturing being the largest industry by employment. ***
+Sunshine West: established inner metro industrial suburb only 10km from Melbourne CBD.
+Net Income: $87,000pa + GST
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 11 May 2022
Crown Casino - River Room
*Approx
**Westpac Property Report
***Economy ID
Property History for 42-46 Vella Dr, Sunshine West, VIC 3020
- 13 Apr 2022Listed for Sale Price on Request
Recent sales nearby
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About Sunshine West 3020
The size of Sunshine West is approximately 9.6 square kilometres. There are 22 parks, covering nearly 7.5% of the total area. The population of Sunshine West in 2016 was 18580 people. By 2021 the population was 18552 showing a population decline of 0.2% in the area during that time. The predominant age group in Sunshine West is 30-39 years. Households in Sunshine West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine West work in a professional occupation.In 2021, 68.30% of the homes in Sunshine West were owner-occupied compared with 67.70% in 2016.
Sunshine West has 8,635 properties. Over the last 5 years, Houses in Sunshine West have seen a 5.00% increase in median value, while Units have seen a 19.48% increase. As at 31 August 2026:
- The median value for Houses in Sunshine West is $781,158 while the median value for Units is $636,930.
- Houses have a median rent of $500 while Units have a median rent of $500.
Suburb Insights for Sunshine West 3020
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