FOR SALE
Above $500,000 (plus GST if applicable)

108 Grant St
Alexandra VIC 3714

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 631m2
Land area: 631m2
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Opportunity in a regional town screaming for a Chinese restaurant!

Options available to lease or buy freehold. Whether you're looking to run your own business or invest, this is your chance.
We present a prime commercial brick building on the main street of Alexandra, a lovely town with about 3,000 residents, located 130 km from Melbourne's CBD. Situated close to the supermarket, this property includes two premises on one title.
Shop 1 offers immediate income with a long-term tenant in a 5 x 5-year retail lease, generating $18,000 p.a. Shop 2 is vacant and previously operated as Alexandra Noodle Box for 15 years; it's fully equipped and ready for immediate operation as a takeaway or a Chinese restaurant-exactly what locals are looking for.
You can lease Shop 2 and start your own business or purchase the entire property (including Shop 1) and lease it out. The building includes parking and rear access. Both shops are in excellent condition-an opportunity not to be missed!
For sale enquiries, contact Tayla Arnett on 0490 035 591 for the sale of both shops ($550,000 + GST if applicable).
For rental enquires of shop 2 ($1,500 + GST per month) contact Sharon Butcher 0457 537 222.

Property Details for 108 Grant St, Alexandra

Building Type
Commercial
Floor Size
631m2
Land Size
631m2

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About Alexandra 3714

The size of Alexandra is approximately 79.4 square kilometres. It has 9 parks covering nearly 1.1% of total area. The population of Alexandra in 2011 was 2,655 people. By 2016 the population was 2,663 showing a population growth of 0.3% in the area during that time. The predominant age group in Alexandra is 60-69 years. Households in Alexandra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Alexandra work in a trades occupation. In 2011, 74.1% of the homes in Alexandra were owner-occupied compared with 72.8% in 2016.

Alexandra has 1,845 properties. Over the last 5 years, Houses in Alexandra have seen a 67.39% increase in median value, while Units have seen a 44.89% increase. As at 30 September 2024:

  • The median value for Houses in Alexandra is $524,910 while the median value for Units is $399,753.
  • Houses have a median rent of $430 while Units have a median rent of $250.
There are currently 24 properties listed for sale, and 1 property listed for rent in Alexandra on OnTheHouse. According to CoreLogic's data, 50 properties were sold in the past 12 months in Alexandra.

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Tayla Arnett
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Nutrien Harcourts Alexandra
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