FOR SALE
Robert 0400 244 044 | Daniel 0498 18 18 18

12/324 Settlement Road
Thomastown VIC 3074

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 160m2
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Modern office setup in the heart of Thomastown

Commercial Real Estate Group proudly present this gem in the outstanding Novo Business Centre.
This warehouse consists of a modern design and was built with quality materials both inside & outside of the warehouses. This property offers wonderful natural light, attractive façade, brilliant location in a popular business center and with a modern office space.
This beautifully designed warehouse/ office has a carpeted ground floor with split system air-conditioning. It also has an expansive office space with big open workspace and 2 individual offices.
Warehouse: 105 sqm*
Office: 55 sqm*
Total floor area: 160 sqm*
Property features include:
• 3 phase capacity
• Disabled bathroom and kitchenette
• NBN Accessible
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Property Details for 12/324 Settlement Rd, Thomastown

Building Type
Commercial
Floor Size
160m2

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About Thomastown 3074

The size of Thomastown is approximately 14.7 square kilometres. It has 23 parks covering nearly 4% of total area. The population of Thomastown in 2011 was 20,330 people. By 2016 the population was 20,482 showing a population growth of 0.7% in the area during that time. The predominant age group in Thomastown is 20-29 years. Households in Thomastown are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thomastown work in a labourer occupation. In 2011, 72.6% of the homes in Thomastown were owner-occupied compared with 68.5% in 2016.

Thomastown has 11,685 properties. Over the last 5 years, Houses in Thomastown have seen a 22.17% increase in median value, while Units have seen a 18.10% increase. As at 30 September 2024:

  • The median value for Houses in Thomastown is $712,152 while the median value for Units is $484,137.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 58 properties listed for sale, and 31 properties listed for rent in Thomastown on OnTheHouse. According to CoreLogic's data, 369 properties were sold in the past 12 months in Thomastown.

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Robert Renner
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Daniel Tan
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Commercial Real Estate Group - Eview Group
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