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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 5,480 properties. Over the last 5 years, Houses in Oakleigh have seen a 19.81% increase in median value, while Units have seen a 3.30% increase. As at 31 August 2024:

  • The median value for Houses in Oakleigh is $1,291,029 while the median value for Units is $592,601.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 20 properties listed for sale, and 9 properties listed for rent in Oakleigh on OnTheHouse. According to CoreLogic's data, 212 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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