FOR SALE
For Sale

15A/314-360 Childs Road
Mill Park VIC 3082

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 50m2
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Returning $29,000p.a

Prominent Commercial Space Available for Sale at the Heart of Stables Shopping Centre offering a superb return.
Looking for a commercial investment with an excellent return? This high volume passing trade shop situated in the vibrant Stables Shopping Centre, an exceptional opportunity awaits for discerning investor looking to make their mark in the thriving Mill Park vicinity. This coveted location is surrounded by major retailers, including Woolworths, BWS, Australia Post, and an enticing array of dining and entertainment options, ensuring a constant stream of potential customers.
Current Lease Details:
* $29,000p.a plus gst
* Current lease three (3) years plus an option of three (3) years
* Tenant pays all outgoings
* Annual fixed 4% Increase per annum
Key Highlights:
* Spacious floor area encompassing approximately 50 square meters approx
* Abundant natural light, thanks to its north-facing orientation
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Property Details for 15a/314-360 Childs Rd, Mill Park

Building Type
Commercial
Floor Size
50m2

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About Mill Park 3082

The size of Mill Park is approximately 12.8 square kilometres. It has 60 parks covering nearly 18.3% of total area. The population of Mill Park in 2011 was 30,517 people. By 2016 the population was 29,732 showing a population decline of 2.6% in the area during that time. The predominant age group in Mill Park is 50-59 years. Households in Mill Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mill Park work in a professional occupation. In 2011, 79.2% of the homes in Mill Park were owner-occupied compared with 76.3% in 2016.

Mill Park has 11,934 properties. Over the last 5 years, Houses in Mill Park have seen a 30.48% increase in median value, while Units have seen a 23.94% increase. As at 31 July 2024:

  • The median value for Houses in Mill Park is $819,269 while the median value for Units is $498,746.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 45 properties listed for sale, and 24 properties listed for rent in Mill park on OnTheHouse. According to CoreLogic's data, 412 properties were sold in the past 12 months in Mill park.

Suburb Insights for Mill Park 3082

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Kon Kouvas
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Stephen Kouvas
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Ray White Mill Park
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Disclaimer
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.