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23 Somers Parade
Altona VIC 3018

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 115m2
Land area: 242m2
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Prime Versatile Opportunity!

The Agents Commercial present an incredible opportunity in the heart of Altona. This magnificent property is located in the center of Altona.
5 minutes walk to the Beach and Train station.
Prime Commercial Property for Sale: Ideal Retail and Residential Development Opportunity
Features:
Zoning: Commercial 1, situated in a proven redevelopment precinct, allowing for up to 3 levels (STCA).
Development Potential: Perfect for a retail and residential combination, boasting a 99% occupancy rate in the surrounding retail strip.
Location: Surrounded by premier Australian brands and easily accessible public transport right at the doorstep.
Versatility: The development possibilities are endless, ensuring high popularity and demand.
Amenities: Ample parking at the rear, right of way access, and just 500 meters from the beach, offering significant advantages.
Don't miss out on this exceptional development opportunity. Envision the possibilities and turn them into reality!
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Property Details for 23 Somers Pde, Altona

Building Type
Commercial
Floor Size
115m2
Land Size
242m2

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About Altona 3018

The size of Altona is approximately 16.6 square kilometres. It has 31 parks covering nearly 21.2% of total area. The population of Altona in 2011 was 9,918 people. By 2016 the population was 10,759 showing a population growth of 8.5% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation. In 2011, 67.1% of the homes in Altona were owner-occupied compared with 64.2% in 2016.

Altona has 7,453 properties. Over the last 5 years, Houses in Altona have seen a 18.98% increase in median value, while Units have seen a 12.55% increase. As at 30 September 2024:

  • The median value for Houses in Altona is $1,109,051 while the median value for Units is $654,543.
  • Houses have a median rent of $600 while Units have a median rent of $513.
There are currently 30 properties listed for sale, and 5 properties listed for rent in Altona on OnTheHouse. According to CoreLogic's data, 317 properties were sold in the past 12 months in Altona.

Suburb Insights for Altona 3018

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Swarit Verma
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Ezaz Ahamad
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.