FOR SALE
$990,000

150 Rooks Road
Nunawading VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
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Grounds for Success: Brew Up Profits with This Leased Café in Nunawading

Get ready to savour the taste of success with RWC Glen Waverley's latest offering. Nestled in the thriving Rooks Road retail strip, this tenanted investment is your ticket to secure returns.
With four years of a five-year lease remaining plus options in place with the beloved Little Hugh Cafe, returning $52,050 annually with 4% increases, tenants are taking care of all outgoings. Vendor Statement available upon request.
Strategically positioned opposite an industrial precinct and on busy Rooks Road, this impressive property has been featured in the Australian Design Review and Habitus Living, all noting the strikingly angular minimalistic but highly detailed design. Paying homage to the neighbouring industrial precinct, the custom-fabricated fit-out was envisioned by renowned architectural design house Biasol Studios and presented immaculately.
Key Points:
• 120m² of prime space
• 5-year lease with further options
• Well-loved café as your tenant
• Architecturally designed
• Highly sought-after retail strip
• Amazing fit-out, modern aesthetic
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Property Details for 150 Rooks Rd, Nunawading

Building Type
Commercial
Floor Size
120m2

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About Nunawading 3131

The size of Nunawading is approximately 5.1 square kilometres. It has 23 parks covering nearly 4.1% of total area. The population of Nunawading in 2011 was 10,945 people. By 2016 the population was 11,863 showing a population growth of 8.4% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation. In 2011, 70.1% of the homes in Nunawading were owner-occupied compared with 68.1% in 2016.

Nunawading has 6,929 properties. Over the last 5 years, Houses in Nunawading have seen a 14.70% increase in median value, while Units have seen a 9.03% increase. As at 31 October 2024:

  • The median value for Houses in Nunawading is $1,149,784 while the median value for Units is $704,240.
  • Houses have a median rent of $605 while Units have a median rent of $500.
There are currently 18 properties listed for sale, and 11 properties listed for rent in Nunawading on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Nunawading.

Suburb Insights for Nunawading 3131

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Ryan Trickey
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Vincent Daniele
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RWC Glen Waverley
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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.