FOR SALE
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696 South Road
Moorabbin VIC 3189

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 851m2
Land area: 1194m2
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3-in-1 with High-Visibility & Multiple Options

Held by the same owner since new, these 3 premises on one substantial site promise rewards for owner-occupiers, investors & developers alike. Just off Warrigal Rd at the gateway to the Dandenong By-Pass, this high-visibility property is flexibly tenanted with excellent scope to renegotiate. See the scope to grow business over 3 separate premises. Re-negotiate with existing tenants. Or look to the future with a clever refurbishment or all-new redevelopment.
- 3 separately rated premises on 1194sqm*
- currently fully rented on flexible terms, scope to renegotiate
- offered for the first time since-built, huge potential to add value
- 1194sqm* site to reward well into the future with scope to redevelop
- currently fully rented on flexible terms with scope to renegotiate
- 9-car apron parking
- good on-street parking including designated truck-parking area
Premises 1+2: total 655sqm* including mezzanine
- direct streetfront and side entries, streetfront office
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Property Details for 696 South Rd, Moorabbin

Building Type
Commercial
Floor Size
851m2
Land Size
1194m2

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About Moorabbin 3189

The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.

Moorabbin has 5,509 properties. Over the last 5 years, Houses in Moorabbin have seen a 28.65% increase in median value, while Units have seen a 14.85% increase. As at 31 August 2024:

  • The median value for Houses in Moorabbin is $1,277,319 while the median value for Units is $715,110.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 13 properties listed for sale, and 19 properties listed for rent in Moorabbin on OnTheHouse. According to CoreLogic's data, 221 properties were sold in the past 12 months in Moorabbin.

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David Bancroft
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James Davie
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