SOLD
Sold on 21 Dec 2023 for $1,250,000

141 Nepean Highway
Aspendale VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 409m2
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Property Details for 141 Nepean Hwy, Aspendale

Building Type
Commercial
Land Size
409m2
Local Government
Kingston
Lot/Plan
6/LP5533

Last Listing description (November 2023)

Jones Real Estate is privileged to present 141 Nepean Highway, Aspendale to the market For Sale via Private Sale.

A blank canvas with all the fundamentals, offering tremendous upside for buyers to purchase a property in a highly sought after and desirable position enables the best of all worlds, suiting owner occupiers, value add investors and land bankers.

Key highlights of this opportunity include:

- Situated upon a striking and prominent corner land holding of 409sqm*, this freehold asset features unparalleled visibility to the Nepean Highway and Foster Street with a combined frontage of 46m* and rear lane access.

- This remarkable vacant possession opportunity with bay views comes equipped with a gross lettable area of 228sqm* and generous on-site car parking.

- The property is underpinned by its immediate proximity to Aspendale Beach, Aspendale Railway Station and is nestled within a dense residential catchment.

- Sensational visibility with over 17,700 vehicles passing north and south bound daily via Nepean Highway **. This major arterial runs through major blue chip residential catchment areas from inner southern Melbourne to Portsea.

- Licensed venue for 100 patrons for 7-day trading with existing liquor license to 1am Monday - Saturday and until 11:30pm on Sunday. Property is a turnkey offering and allows an operator to commence trading immediately and will benefit from direct access to Aspendale Beach via Foster Street.

- Property is Commercial 1 Zone - C1Z, allowing for a multitude of uses in the future^.

*Approx.
**Gapmaps

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Inventory list available upon request.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Property History for 141 Nepean Hwy, Aspendale, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$1,250,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $1,250,000
  • 04 Oct 2023
    Listed for Sale Contact Agent
  • 24 Dec 2021
    Sold for $1,250,000
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About Aspendale 3195

The size of Aspendale is approximately 3 square kilometres. It has 11 parks covering nearly 24% of total area. The population of Aspendale in 2011 was 6,621 people. By 2016 the population was 6,938 showing a population growth of 4.8% in the area during that time. The predominant age group in Aspendale is 40-49 years. Households in Aspendale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Aspendale work in a professional occupation. In 2011, 79.6% of the homes in Aspendale were owner-occupied compared with 79.8% in 2016.

Aspendale has 3,324 properties. Over the last 5 years, Houses in Aspendale have seen a 21.65% increase in median value, while Units have seen a 27.54% increase. As at 30 November 2024:

  • The median value for Houses in Aspendale is $1,340,809 while the median value for Units is $967,896.
  • Houses have a median rent of $725 while Units have a median rent of $740.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Aspendale on OnTheHouse. According to CoreLogic's data, 148 properties were sold in the past 12 months in Aspendale.

Suburb Insights for Aspendale 3195

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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.