FOR SALE
$990,000

34-38 Davis Street
Nyora VIC 3987

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 200m2
Land area: 3562m2
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Development Opportunity

Introducing an exceptional investment opportunity in the sought-after region of Nyora, just 1.5 hours from Melbourne. This expansive commercial property, situated at 34-38 Davis Street, offers a unique and highly attractive prospect for discerning investors seeking a solid asset within a thriving rural community.
The property comprises an impressive 3562 square metres of land, with an existing two-stage permit in place, offering excellent potential for further development. Stage 1 includes an approved service station, whilst Stage 2 features a food market, convenience store, and other retail outlets. Approved plans are available for perusal, providing a ready-made blueprint for your new business venture.
Adding further value, the property currently holds a lease for a takeaway shop and dwelling, with the freehold remaining in place until December 2026 and an additional five-year option available. This ensures a stable rental income, further enhancing the appeal of this investment.
Nyora is a picturesque rural community, experiencing significant growth, thanks to new approved housing subdivisions in the surrounding area. With 60, 300+, and 14 house lots currently in development, demand for local amenities and services is set to rise, making this an ideal time to secure a prime commercial property within the region.
Don't miss this unique opportunity to invest in a large-scale commercial asset with significant potential for growth and development. Secure your future in the charming and thriving region of Nyora, and become part of the exciting transformation unfolding within this rural community. Reach out to us today to learn more about this exceptional property and take the first step towards your successful investment.

Property Details for 34-38 Davis St, Nyora

Building Type
Commercial
Floor Size
200m2
Land Size
3562m2

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About Nyora 3987

The size of Nyora is approximately 79.7 square kilometres. It has 3 parks. The population of Nyora in 2011 was 1,332 people. By 2016 the population was 1,508 showing a population growth of 13.2% in the area during that time. The predominant age group in Nyora is 40-49 years. Households in Nyora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nyora work in a trades occupation. In 2011, 86.2% of the homes in Nyora were owner-occupied compared with 85.4% in 2016.

Nyora has 800 properties. Over the last 5 years, Houses in Nyora have seen a 120.44% increase in median value, while Units have seen a 105.00% increase. As at 30 November 2024:

  • The median value for Houses in Nyora is $1,198,929 while the median value for Units is $366,913.
  • Houses have a median rent of $255.
There are currently 29 properties listed for sale, and no properties listed for rent in Nyora on OnTheHouse. According to CoreLogic's data, 26 properties were sold in the past 12 months in Nyora.

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