2/116 Watton StreetWerribee VIC 3030
Property Details for 2/116 Watton St, Werribee
Last Listing description (September 2022)
- 2 brand new shops located within Werribee's booming CBD, the bustling epicentre for commercial activity
- Amongst national tenants including Coles, Aldi and Hungry Jacks, major banks, popular eateries and speciality retailers
- Immaculate self-contained tenancies of 83sqm* and 93sqm*
- Comprises 36 boutique apartments that front Watton Street and Werribee's Riverside
- Surrounded by public car parking and close to train station and bus stops
Investment Details:
Shop 3- LUCY BARBER
Lease Term: 3 x 3 years
Rental: $38,238 per annum plus GST (as at 1/7/21)
Outgoings: Payable by tenant
Shop 2- VACANT POSESSION
- Modern improvements with strong tax depreciation benefits
- Surging municipality contained within the Western Growth Corridor underpinned by significant government spending on infrastructure and in proximity to Mercy and St Vincent Hospitals, Melbourne University and Victoria University
- Rare and affordable opportunities located within a rapidly growing and tightly held precinct
*Approximate
Property History for 2/116 Watton St, Werribee, VIC 3030
- 17 Jun 2021Sold for $680,000
- 08 Apr 2021Listed for Sale Contact Agent
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About Werribee 3030
The size of Werribee is approximately 42.7 square kilometres. It has 69 parks covering nearly 8.1% of total area. The population of Werribee in 2016 was 40345 people. By 2021 the population was 50027 showing a population growth of 24.0% in the area during that time. The predominant age group in Werribee is 30-39 years. Households in Werribee are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Werribee work in a professional occupation.In 2021, 63.80% of the homes in Werribee were owner-occupied compared with 65.40% in 2016.
Werribee has 29,984 properties. Over the last 5 years, Houses in Werribee have seen a 25.40% increase in median value, while Units have seen a 18.43% increase. As at 31 March 2026:
- The median value for Houses in Werribee is $700,589 while the median value for Units is $467,981.
- Houses have a median rent of $460 while Units have a median rent of $420.
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