1 Spencer StreetThomastown VIC 3074
Property Details for 1 Spencer St, Thomastown
Last Listing description (May 2026)
Unlock a high-yield opportunity in the heart of one of Thomastown's most coveted industrial pockets. This versatile corner-block facility offers the perfect blend of immediate rental income and long-term strategic value.
- Situated in a highly sought-after central Thomastown Industrial section.
- Corner block access - Rare dual-street access from both Spencer St and Brock St.
- Functional dock facilities
- Heavy-duty 3-phase power
- Dedicated front office area, internal storage rooms, and an additional outdoor shed.
- On-site toilet facilities.
- Zoning: Industrial One (IN1Z).
- Total Land Area: 1,275m² Approx*.
- Total Building Area: 700m² Approx*
- Income: $66,189 per annum (plus all outgoings and GST).
- Fixed 2.5% annual rent increases.
- Tenure: First term expires November 2026, with two (2) further 3-year options.
- Currently leased to an established Cabinet Maker
- Market rental reviews scheduled at the start of each option
Important Information:
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Material Facts: Refer to the Contract of Sale and Vendor Statement for all disclosures.
While every effort has been made to ensure the accuracy of the information provided, Ray White Thomastown does not accept any liability for errors or omissions. Interested parties are advised to conduct their own investigations to confirm all details, including land size.
Property History for 1 Spencer St, Thomastown, VIC 3074
- 23 May 2026Sold for $1,475,000
- 24 Apr 2026Listed for Sale Auction
- 01 Apr 2022Transferred
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0About Thomastown 3074
The size of Thomastown is approximately 14.7 square kilometres. There are 23 parks, covering nearly 4.0% of the total area. The population of Thomastown in 2016 was 20523 people. By 2021 the population was 20234 showing a population decline of 1.4% in the area during that time. The predominant age group in Thomastown is 30-39 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thomastown work in a trades occupation.In 2021, 67.80% of the homes in Thomastown were owner-occupied compared with 68.50% in 2016.
Thomastown has 12,113 properties. Over the last 5 years, Houses in Thomastown have seen a 16.93% increase in median value, while Units have seen a 23.10% increase. As at 30 April 2026:
- The median value for Houses in Thomastown is $802,332 while the median value for Units is $554,535.
- Houses have a median rent of $530 while Units have a median rent of $483.
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