FOR SALE
$1,050,000 - $1,150,000

1/167-169 Para Road
Greensborough VIC 3088

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1239m2
Land area: 410m2
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Prime Industrial Location with High Visibility in Greensborough

**Inspections by appointment only - please contact Kevin Davy 0438 069 138 or Peter Don 0410 609 006**
This property is ideally located in the Industrial Hub of Greensborough, just a short walk from both the station and Main Street.
It boasts significant street frontage, ensuring high visibility and branding potential due to the large volume of passing traffic.
Currently leased until June 30, 2025, with a three-year renewal option, and tenants are responsible for outgoings.
It offers excellent returns (contact the agent for details) and features a spacious showroom, a workshop with an over height roller door, office spaces and bathroom facilities.
On-site parking is ample, including both street and basement-level options. The property is equipped with 3-phase power and is highly adaptable to various uses, with a land area of 410m² (approx.) excluding parking.
THINGS WE THINK YOU'LL LOVE:
- Leased: natural timber decor
- Long lease with options available and excellent returns
- Combined showroom, workshop and office space
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Property Details for 1/167-169 Para Rd, Greensborough

Building Type
Commercial
Floor Size
1239m2
Land Size
410m2

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About Greensborough 3088

The size of Greensborough is approximately 10.2 square kilometres. It has 41 parks covering nearly 12.1% of total area. The population of Greensborough in 2011 was 20,552 people. By 2016 the population was 20,803 showing a population growth of 1.2% in the area during that time. The predominant age group in Greensborough is 40-49 years. Households in Greensborough are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greensborough work in a professional occupation. In 2011, 81.6% of the homes in Greensborough were owner-occupied compared with 80.4% in 2016.

Greensborough has 9,926 properties. Over the last 5 years, Houses in Greensborough have seen a 35.01% increase in median value, while Units have seen a 23.84% increase. As at 31 August 2024:

  • The median value for Houses in Greensborough is $1,066,509 while the median value for Units is $712,172.
  • Houses have a median rent of $600 while Units have a median rent of $495.
There are currently 36 properties listed for sale, and 9 properties listed for rent in Greensborough on OnTheHouse. According to CoreLogic's data, 317 properties were sold in the past 12 months in Greensborough.

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Peter Don
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Ray White Diamond Creek
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