FOR SALE
$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 1,882 properties. Over the last 5 years, Houses in Alexandra have seen a 58.85% increase in median value, while Units have seen a 40.60% increase. As at 30 November 2024:

  • The median value for Houses in Alexandra is $523,877 while the median value for Units is $381,615.
  • Houses have a median rent of $430 while Units have a median rent of $250.
There are currently 17 properties listed for sale, and no properties listed for rent in Alexandra on OnTheHouse. According to CoreLogic's data, 60 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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