FOR SALE
Expression on Interest

396-398 Forest Street
Wendouree VIC 3355

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 216m2
Land area: 1309m2
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Prime Mechanic Property in Wendouree

Unlock the potential of this exceptional mechanic/service station property situated on a highly visible corner site in the bustling suburb of Wendouree. This remarkable property is available for sale for the first time in generations. The property boasts a generous land area of 1,309 m² and a well-designed floorspace of 216m2*. Whether you're an established mechanic seeking to expand or start your operations or an investor looking for a prime commercial asset, this property offers tremendous potential. Its strategic location and sizable land area make it a valuable addition to any portfolio.
• Block size of 1,309 m2* - this corner site provides ample space for operations, parking, and future expansion.
• The 216 m2* building offers a well-configured layout ideal for automotive services, including workshop space, office areas, and customer reception.
• Situated on a prominent corner site with high passing traffic, this property ensures maximum visibility and easy accessibility for customers.
• The location benefits from significant daily traffic, enhancing your business's profile
• The property includes valuable yard space, ideal for vehicle storage, additional operational needs, or potential future expansion
• Four separate roller doors and service bays
• Zoned General Residential 1 (GRZ)
Expression on Interest Closing Friday 4th October 2024
*Approximately

Property Details for 396-398 Forest St, Wendouree

Building Type
Commercial
Floor Size
216m2
Land Size
1309m2

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About Wendouree 3355

The size of Wendouree is approximately 9.6 square kilometres. It has 23 parks covering nearly 12.5% of total area. The population of Wendouree in 2011 was 10,597 people. By 2016 the population was 10,452 showing a population decline of 1.4% in the area during that time. The predominant age group in Wendouree is 20-29 years. Households in Wendouree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wendouree work in a labourer occupation. In 2011, 59.2% of the homes in Wendouree were owner-occupied compared with 56.6% in 2016.

Wendouree has 6,576 properties. Over the last 5 years, Houses in Wendouree have seen a 29.20% increase in median value, while Units have seen a 43.55% increase. As at 31 August 2024:

  • The median value for Houses in Wendouree is $409,359 while the median value for Units is $342,965.
  • Houses have a median rent of $380 while Units have a median rent of $320.
There are currently 45 properties listed for sale, and 23 properties listed for rent in Wendouree on OnTheHouse. According to CoreLogic's data, 265 properties were sold in the past 12 months in Wendouree.

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