FOR SALE
$790,000 - $840,000 Contact Agent 0413743876

111 Railway Parade
Seaford VIC 3198

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 221m2
Land area: 221m2
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Amazing Development Site with Plans. Excellent Holding Asset.

Opportunity for an astute Developer. 3 Storey development ready to go!
This is an amazing opportunity to acquire a stand alone retail premise located in the South Eastern growth corridor. As well as being a short walk to the beach and close to both Seaford and Carrum train stations.
Currently on ground floor level the building is approx. 110sqm on approx. 221 sqm of land. There is a lease in place returning holding income of $22,464per annum. The first term of this lease ends May 2025.
Plans are ready and waiting approval for a a three storey development which consists of four two bedroom apartments with a ground floor retail space.
Commercial 1 Zone
Rear Access
Prime location
Suit Owner Occupier/Investors/Developers
Contact Matthew Kenny today for a copy of the plans and further information 0413 743 876
Property Code: 549

Property Details for 111 Railway Pde, Seaford

Building Type
Commercial
Floor Size
221m2
Land Size
221m2

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About Seaford 3198

The size of Seaford is approximately 12.5 square kilometres. It has 35 parks covering nearly 24.3% of total area. The population of Seaford in 2011 was 16,032 people. By 2016 the population was 16,455 showing a population growth of 2.6% in the area during that time. The predominant age group in Seaford is 30-39 years. Households in Seaford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaford work in a professional occupation. In 2011, 63.4% of the homes in Seaford were owner-occupied compared with 62.6% in 2016.

Seaford has 10,642 properties. Over the last 5 years, Houses in Seaford have seen a 23.69% increase in median value, while Units have seen a 26.76% increase. As at 30 November 2024:

  • The median value for Houses in Seaford is $820,511 while the median value for Units is $634,469.
  • Houses have a median rent of $570 while Units have a median rent of $490.
There are currently 38 properties listed for sale, and 18 properties listed for rent in Seaford on OnTheHouse. According to CoreLogic's data, 382 properties were sold in the past 12 months in Seaford.

Suburb Insights for Seaford 3198

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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.