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31/10 Speedwell Street
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 170m2
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PRIME NEW FACTORY IN VELOCITY PARK

Located in one of Somerville's and Mornington Peninsulas last remaining warehouse/office developments this 170sqm warehouse is located a short distance from Peninsula Link and central to the Somerville area with ease of access to the Hastings corridor.
Freshly built and easily locatable this factory is prime for any growing business. Including 3 phase power, amenities and a kitchenette this also boasts positioning within a secure complex with security gates.
Key Features include;
- 3 phase power
- Car parks on title
- Motorised roller door
- Secure complex with gates
- Central location
** Photo ID required at all inspections.
TO VIEW MORE RENTAL PROPERTIES, GO TO OUR WEBSITE

Property Details for 31/10 Speedwell St, Somerville

Building Type
Commercial
Floor Size
170m2

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About Somerville 3912

The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2011 was 10,730 people. By 2016 the population was 11,340 showing a population growth of 5.7% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 78.2% of the homes in Somerville were owner-occupied compared with 77.3% in 2016.

Somerville has 5,735 properties. Over the last 5 years, Houses in Somerville have seen a 36.81% increase in median value, while Units have seen a 30.20% increase. As at 30 September 2024:

  • The median value for Houses in Somerville is $835,650 while the median value for Units is $553,791.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 37 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 184 properties were sold in the past 12 months in Somerville.

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