31 Lawson Crescent, Thomastown, VIC 3074

Industrial | Development/Land

Sold

  • Property ID: 413840
  • Floor Area: 300m²
  • Land Area: 650m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 300m2 650m2 Contact Agent
YOUR LINK TO THE PROJECTED NORTH-EASTERN BOOM

POINT OF INTEREST:

Public Auction Tuesday 28th June 2022 at 12pm on-site

A freestanding asset situated in the City of Whittlesea's bustling industrial precinct, this is a clever investment in tightly held land with plenty of opportunities to refurbish, extend and/or develop. The building itself is a clear-span warehouse with a front office component, including roller-door access, three-phase power, and three car spaces. However, the real prize here is the 650 sqm* of total land primed for bigger ambitions and clever development. Neighbouring businesses vary in industries and purposes from food manufacturing to e-commerce and automotive repairs, which means the future of this site is only limited by your own desire. Sitting as part of an established commercial estate translates to having seamless access to neighbouring clientele and well-considered infrastructure to cater to the traffic. You’re perfectly sandwiched between Western Ring Road, Mahoneys Road, Hume Freeway, and the Metropolitan Ring Road — making accessibility second to none. The action from Sydney Road is only 2.5 km* away, while the 902-bus stop sits 250 m* from your front door — taking you down Mahoneys Road to Keon Park railway station and into the CBD in no time.

300 sqm* building area.
650 sqm* land area.
Industrial 1 zoning.
Three car spaces on site, plus on street.
2.5 km* from the Metropolitan Ring Road entrance.
2.16 km* from Keon Park railway station.
13.8 km* from Melbourne CBD.

POINT OF VIEW:
The North East Link is Victoria’s biggest road project and the largest ever investment in anything above-and-right to the CBD. And with the opportunity to occupy, invest, “value add” or knock down build on 650 sqm* of prime land here, this portfolio addition reflects the magnitude of the worth the area is forecast to gain.

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: 3 on-site, plus on street
  • Condition: Fair
  • Air Conditioning: Yes
  • Floors: Concrete
  • Lifts: NA
  • Height: 5-6 metres
  • Age: circa 1960's / more recent extension
  • Car Parking Fees: NA
Thomastown Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $2969 $287 9.65%
Offices $2519 $200 7.93%
Industrial $3035 $124 4.09%
This is the average advertised price, rent and yield for Thomastown, VIC 3074*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Industrial in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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