FOR SALE
Asking Price $950,000

Greenhill Road
Greensborough VIC 3088

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 220m2
Land area: 255m2
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Dual Income Investment Opportunity!

Welcome to your next business opportunity at 19/19A Greenhill Road, Greensborough, strategically situated in a quite neighbourhood area with two solid income streams available!
The premier retail space in the commercial premises offers excellent visibility and high foot traffic, conveniently located near major shopping areas, transport links, and popular local businesses. The rear residential properties enjoys the quite and private surrounds whilst also taking advantage of the proximity to shops, major roads and local schools.
Total property Includes:
•100 sqm (approx.) of retail floor space with a long-term commercial tenant currently operating the successful restaurant "Clay Oven," providing a steady income stream and established customer base. Currently returning approx. $25k p.a. plus GST and outgoings with further options available.
• 2-bedroom residency at the rear of the property, ideal for on-site management or rental income. Features a comfortable living space with two bedrooms, a living area, and separate access for privacy and convenience. A 12 month fixed lease has just recently commenced returning $26k per annum.
With the potential of a instant 5% to 6% investment yield, this property is sure to attract a lot of buyer interest!
Additional Features:
• Modern facilities including two toilets for staff and customer convenience
• Accessible public parking options to accommodate customers and staff
Don't miss out on this exceptional opportunity to secure a prime location with significant commercial potential, reliable income streams, and an attractive rental yield!
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Property Details for 19/19a Greenhill Rd, Greensborough

Building Type
Commercial
Floor Size
220m2
Land Size
255m2

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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 9,970 properties. Over the last 5 years, Houses in Greensborough have seen a 27.66% increase in median value, while Units have seen a 23.04% increase. As at 31 October 2024:

  • The median value for Houses in Greensborough is $1,058,273 while the median value for Units is $730,221.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 55 properties listed for sale, and 5 properties listed for rent in Greensborough on OnTheHouse. According to CoreLogic's data, 309 properties were sold in the past 12 months in Greensborough.

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Jeremy Cleaver
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Ray White Eltham
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