FOR SALE
FOR SALE

G04 & G05/202 Jells Road
Wheelers Hill VIC 3150

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 100m2
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A rare and exciting opportunity

This is a rare and exciting opportunity to purchase a retail property in the heart of Wheelers Hill, located in a busy shopping strip surrounded by a variety of other retailers and amenities.
The property is well-located in a busy shopping strip, providing great exposure and ease of accessibility makes it a convenient location for customers. Currently leased to Australia Post offering a secure income stream for the remaining 2.5 years plus a 5-year option to extend.
Facilities include elegant waiting areas, Board room availability on a reserved basis as well as private parking spaces.
Key features:
- Secure 2.5-year lease remaining with an additional 5-year option to Australia Post
-Guaranteed income stream of $41,234.40 per annum
-Potential for significant rental growth
-Prime location in a busy shopping strip in Wheelers Hill
-Excellent exposure including private parking spaces
-Property is in excellent condition

Property Details for G04 & G05/202 Jells Rd, Wheelers Hill

Building Type
Commercial
Floor Size
100m2

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About Wheelers Hill 3150

The size of Wheelers Hill is approximately 10.4 square kilometres. It has 51 parks covering nearly 22.7% of total area. The population of Wheelers Hill in 2011 was 19,104 people. By 2016 the population was 19,740 showing a population growth of 3.3% in the area during that time. The predominant age group in Wheelers Hill is 60-69 years. Households in Wheelers Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wheelers Hill work in a professional occupation. In 2011, 83.3% of the homes in Wheelers Hill were owner-occupied compared with 81% in 2016.

Wheelers Hill has 8,882 properties. Over the last 5 years, Houses in Wheelers Hill have seen a 28.07% increase in median value, while Units have seen a -9.23% decrease. As at 30 November 2024:

  • The median value for Houses in Wheelers Hill is $1,472,027 while the median value for Units is $633,771.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 21 properties listed for sale, and 12 properties listed for rent in Wheelers hill on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in Wheelers hill.

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Scott Mcewan
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Sam Rossello
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