FOR SALE
Price on application

224 Mitcham Road
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 140m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Sparkling Retail Freehold

A rare chance to pour yourself into this secure freehold investment.
With its statewide Duncan Cellars branding and a long-term lease with options until 2037, this is one for your cellar where it will only mature and improve.
Zoned Commercial 1 and separately titled, it features rear laneway access and rear parking for staff. Bathroom and kitchenette amenities onsite.
Situated within Mitcham's local retail precinct, it benefits from street parking to capture the traffic flow from the bustling Mitcham Road.
Don't miss this chance to add this vintage property to your portfolio.
• Leased until early 2027
• Options | Five (5) years + Five (5) years
• Fixed 3% annual reviews
• Current return | $40,314.12 pa net
• Building area | 140sqm approximately
See More

Property Details for 224 Mitcham Rd, Mitcham

Building Type
Commercial
Floor Size
140m2

Commute Calculator

About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2011 was 14,812 people. By 2016 the population was 16,136 showing a population growth of 8.9% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation. In 2011, 73.1% of the homes in Mitcham were owner-occupied compared with 69.8% in 2016.

Mitcham has 9,242 properties. Over the last 5 years, Houses in Mitcham have seen a 26.65% increase in median value, while Units have seen a 11.96% increase. As at 31 August 2024:

  • The median value for Houses in Mitcham is $1,179,310 while the median value for Units is $708,155.
  • Houses have a median rent of $590 while Units have a median rent of $520.
There are currently 35 properties listed for sale, and 14 properties listed for rent in Mitcham on OnTheHouse. According to CoreLogic's data, 360 properties were sold in the past 12 months in Mitcham.

Mitcham Profile Page

Suburb Insights for Mitcham 3132

Visit Mitcham profile page
Market Insights
Mitcham Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Mitcham Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Mitcham profile page
Contact agent
Brett Diston
Show contact details
Call agent
Ray White Commercial Diston Asset Services
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED