FOR SALE
$1,190,000 - $1,300,000

429 Monbulk Road
Monbulk VIC 3793

Bedrooms: 3
Bathrooms: 1
Car spaces: 10
Land area: 3791m2
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Versatile Business Opportunity! Nursery, Retail & Home

CONTACT AGENT TO INSPECT.
Your vision can be realized here all you need to do is bring your expertise! This premier commercial zoned freehold property is a flat 3791 m2 (approx) block with dual road access in the ideal main road location for your next business venture, offering refurbished Igloos with tables and renewed watering and cooling systems, office, retail area, large storage room with tool lockup, onsite car parking and customer toilets.
The main residence once used as Tea Rooms could be bought back to life as a café or alike (STCA) or leave as a residence comprising 2 bedrooms, 2 toilets, renovated ensuite and a spacious central main living area with large coonara and polished floors, plus a beautiful separate timber bungalow that can double as the third bedroom or retail office all with reverse cycle cooling.
Other features include large outdoor entertaining area, extensive plumbing to harvest all roof water for irrigation with over 60,000 liters of water storage, 3 Phase power, wiring for external generator power and around 15.kw solar system, the potential here is unlimited with a great opportunity to expand or upgrade current operations in a prime location with good traffic, close to shops and public transport.
Fully set up and ready to go right now. Freehold sale only Business not included.
Please note: All information provided has been obtained from sources believed to be accurate, however, we cannot guarantee the information is accurate. Interested parties should make their own enquiries & obtain their own legal advice. We accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans, size, building age or condition).
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Property Details for 429 Monbulk Rd, Monbulk

429 Monbulk Rd, Monbulk is a 3 bedroom, 1 bathroom House with 10 parking spaces. The property has a land size of 3791m2. The place is currently for sale with Chandler and Co Real Estate.

Building Type
House
Land Size
3791m2

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About Monbulk 3793

The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2011 was 3,456 people. By 2016 the population was 3,583 showing a population growth of 3.7% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation. In 2011, 81.4% of the homes in Monbulk were owner-occupied compared with 79.4% in 2016.

Monbulk has 1,655 properties. Over the last 5 years, Houses in Monbulk have seen a 24.07% increase in median value, while Units have seen a 22.40% increase. As at 30 November 2024:

  • The median value for Houses in Monbulk is $861,882 while the median value for Units is $644,397.
  • Houses have a median rent of $695 while Units have a median rent of $5,280.
There are currently 10 properties listed for sale, and 1 property listed for rent in Monbulk on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Monbulk.

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Brad Conder
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Chandler and Co Real Estate
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