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170 Warrigal Road
Oakleigh VIC 3166

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 105m2
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Good Investment Opportunity

Located near the intersection of Warrigal and North Road Oakleigh this high-profile shop represents a great investment with an established tenant, customer parking out front and private parking at the rear. Part of a shopping strip that not only survived the development of shopping centres it has expanded and modernised over time.
Don't miss your chance to invest in a well-established, busy shopping strip.
Features:
Building area approx. 105m2
2 visitor carparks out front
Rear parking via lane way, rear access door
Open plan shop with kitchen and separate toilet out back
Renewed lease commenced 1 July 2022 for 5-year term
One further term of 5 years available
Rental $24,839.59 per annum plus GST

Property Details for 170 Warrigal Rd, Oakleigh

Building Type
Commercial
Land Size
105m2

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About Oakleigh 3166

The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2011 was 7,534 people. By 2016 the population was 7,891 showing a population growth of 4.7% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation. In 2011, 67.3% of the homes in Oakleigh were owner-occupied compared with 64.4% in 2016.

Oakleigh has 5,489 properties. Over the last 5 years, Houses in Oakleigh have seen a 10.76% increase in median value, while Units have seen a -3.32% decrease. As at 30 November 2024:

  • The median value for Houses in Oakleigh is $1,292,287 while the median value for Units is $604,177.
  • Houses have a median rent of $680 while Units have a median rent of $575.
There are currently 16 properties listed for sale, and 11 properties listed for rent in Oakleigh on OnTheHouse. According to CoreLogic's data, 223 properties were sold in the past 12 months in Oakleigh.

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Theresa Huynh
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CENTURY 21 Theresa Huynh
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