3/350 Pakington Street,
Newtown, VIC 3220
Shops & Retail
Key property information
Floor area
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Tenure type
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Map of 3/350 Pakington Street
BLUECHIP PAKINGTON ST LOCATION
AUCTION - 8 SEPTEMBER 2022 @ 11AM
• High profile corner Pakington Street location
• Long standing tenant
• Superb opportunity for capital growth
• Building area: 95 m2 (approx.)
• Current Income $39,785.14 + outgoings
• Lease Term: 5 years from 22/02/2019 plus further 5 year option
• Zone: Commercial 1
Terms 10% deposit, balance 60 days
The business which occupies the premises is not included in the sale
• High profile corner Pakington Street location
• Long standing tenant
• Superb opportunity for capital growth
• Building area: 95 m2 (approx.)
• Current Income $39,785.14 + outgoings
• Lease Term: 5 years from 22/02/2019 plus further 5 year option
• Zone: Commercial 1
Terms 10% deposit, balance 60 days
The business which occupies the premises is not included in the sale
Newtown, 3220 demographic data
The median household income for Newtown is $2,092, 51% higher than Regional Victoria's household income of $1,386. Newtown has a younger age profile compared to the rest of Regional Victoria (median age 40 vs 43). Property ownership data shows 45% of property owners in Newtown have a mortgage.
10,445
Population
$2,092 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
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3/350 Pakington Street
Newtown, VIC 3220
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