FOR SALE
$850,000 - $899,000

2/638 High Street
Thornbury VIC 3071

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 85m2
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YOU'VE WON THE LOTTO WITH THIS INVESTMENT OPPORTUNITY - RENEWED 7 YEAR LEASE TERM

- Securely leased retail investment opportunity in the boutique Hive commercial/residential development
- Leased to the very well established Normanby News and Lotto Agency
- Renewed 7 year lease with 2 further options of 7 years to commence 1.11.2024
- Commencing rental of $44,275.55 per annum net plus GST from 1.11.2024.
- The tenant pays all the outgoings
- Fixed 3 percent annual increases
- On-site undercover car space
- Tax Depreciation benefits
For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
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Property Details for 2/638 High St, Thornbury

Building Type
Commercial
Floor Size
85m2

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About Thornbury 3071

The size of Thornbury is approximately 5.1 square kilometres. It has 26 parks covering nearly 13.6% of total area. The population of Thornbury in 2011 was 17,433 people. By 2016 the population was 18,543 showing a population growth of 6.4% in the area during that time. The predominant age group in Thornbury is 30-39 years. Households in Thornbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thornbury work in a professional occupation. In 2011, 56.3% of the homes in Thornbury were owner-occupied compared with 53.6% in 2016.

Thornbury has 11,259 properties. Over the last 5 years, Houses in Thornbury have seen a 22.72% increase in median value, while Units have seen a 12.33% increase. As at 30 September 2024:

  • The median value for Houses in Thornbury is $1,446,064 while the median value for Units is $627,899.
  • Houses have a median rent of $720 while Units have a median rent of $465.
There are currently 34 properties listed for sale, and 25 properties listed for rent in Thornbury on OnTheHouse. According to CoreLogic's data, 474 properties were sold in the past 12 months in Thornbury.

Suburb Insights for Thornbury 3071

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John Kalpakis
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Mitch Kalpakis
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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.