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1 Beaumaris Parade
Highett VIC 3190

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 714m2
Land area: 893m2
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Prime Investment Opportunity in Bayside's Booming Hub

EXPRESSION OF INTEREST closing 30th October 2024 at 3PM (unless sold prior)
Secure your stake in one of Bayside's most sought-after commercial areas, where development is rapidly expanding and demand for quality property continues to rise.
With the surrounding area experiencing a surge in development, this is an outstanding opportunity to invest in a high-growth location. The current lease terms provide a solid return, and the potential for future capital growth makes this an ideal addition to any investment portfolio.
• Land Area: 714 sqm, including a 100 sqm office space
• Clear Span Warehouse with excellent internal height, maximizing usability
• Ample Onsite Car Parking for 6 cars, catering to tenants and clients
• Returning $98,799.96 per annum, providing strong, consistent cash flow
• Lease Expiry: September 2026 with a 1x3 year option, offering security and flexibility for investors
• Positioned in Bayside's busiest precinct, ensuring high visibility and ongoing demand
*NB All prices exclude GST unless otherwise stated and all sizes are approximate.
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Property Details for 1 Beaumaris Pde, Highett

Building Type
Commercial
Floor Size
714m2
Land Size
893m2

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About Highett 3190

The size of Highett is approximately 3.7 square kilometres. It has 8 parks covering nearly 8.4% of total area. The population of Highett in 2011 was 10,263 people. By 2016 the population was 10,452 showing a population growth of 1.8% in the area during that time. The predominant age group in Highett is 40-49 years. Households in Highett are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highett work in a professional occupation. In 2011, 71.7% of the homes in Highett were owner-occupied compared with 68.6% in 2016.

Highett has 7,070 properties. Over the last 5 years, Houses in Highett have seen a 20.42% increase in median value, while Units have seen a 7.52% increase. As at 30 September 2024:

  • The median value for Houses in Highett is $1,406,157 while the median value for Units is $693,949.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 30 properties listed for sale, and 9 properties listed for rent in Highett on OnTheHouse. According to CoreLogic's data, 311 properties were sold in the past 12 months in Highett.

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James Davie
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David Bancroft
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