FOR SALE
$1,500,000 GST NA

6/20 Highett Street
Mansfield VIC 3722

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 785m2
Land area: 807m2
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Ideal Investment Opportunity with Solid ROI

Here is your opportunity to secure a solid commercial investment positioned on tightly held Highett Street offering a double frontage building with automatic double door access from Highett Street and Nolan Street and dedicated parking at the rear.
Located within the Mansfield CBD, this newly fitted out commercial space of 530sqm (785 including common areas) enables the astute purchaser the rare opportunity to secure a large Commercial offering with the potential to generate *8.4% yield. The layout of the building maximising rental returns with 9 individual shops with onsite amenities and storage. Buildings of this size, with great amenities, in such a prime location are hard to find in the Mansfield township.
Features include;
- Build Area 785m2 (approx.)
- Land area 807m2 (approx.)
- Zoning Commercial Zone 1
- Polished concrete flooring throughout
- Wide common areas, large windows, high end modern build
- 9 retail/office spaces in total, easily configure to combine for larger space
- Individual units offer water, power and split system
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Property Details for 6/20 Highett St, Mansfield

Building Type
Commercial
Floor Size
785m2
Land Size
807m2

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About Mansfield 3722

The size of Mansfield is approximately 269.8 square kilometres. It has 7 parks covering nearly 0.4% of total area. The population of Mansfield in 2011 was 4,359 people. By 2016 the population was 4,799 showing a population growth of 10.1% in the area during that time. The predominant age group in Mansfield is 60-69 years. Households in Mansfield are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mansfield work in a trades occupation. In 2011, 69.6% of the homes in Mansfield were owner-occupied compared with 69.6% in 2016.

Mansfield has 4,137 properties. Over the last 5 years, Houses in Mansfield have seen a 82.52% increase in median value, while Units have seen a 56.07% increase. As at 30 September 2024:

  • The median value for Houses in Mansfield is $842,893 while the median value for Units is $517,134.
  • Houses have a median rent of $545 while Units have a median rent of $460.
There are currently 63 properties listed for sale, and 5 properties listed for rent in Mansfield on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Mansfield.

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