OFF MARKET

1/34 Union Street
Brunswick VIC 3056

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 115m2
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Property Details for 1/34 Union St, Brunswick

Building Type
Commercial
Year Built
2010
Land Size
115m2
Local Government
Merri-Bek
Lot/Plan
G06/PS619687

Last Listing description (October 2024)

Looking good in a vibrant location, this invigorating investment opportunity is home to an established and popular cafe. Seconds to Jewell Train Station, metres to the nearest RMIT University campus and footsteps to Sydney Road, it's zoned Mixed Use and securely leased until February 2026, with a further five year option. Light-filled and modern, flaunting floor-to-ceiling glass aspects incorporating bi-fold doors across the shop front bringing the outdoors inside, the cafe benefits from polished concrete flooring and excellent exposure, poised at the base of a residential building. Comprising a dining area, preparation and serving area, kitchen with grease trap and toilet/powder room, it unfolds across approximately 68m2 of floor space. With direct secure access to the garage, this tempting opportunity even comes with two garage spaces and a storage cage, ensuring plenty of appeal for the savvy investor. Note: Additional storage has been leased by the vendor from the Body Corporate and sub-leased to tenant, including an additional toilet for staff use.

Property History for 1/34 Union St, Brunswick, VIC 3056

A timeline of how this property has performed in the market
Last Sold
$396,000
13 May 2011
  • 29 Oct 2024
    Listed for Sale $650,000 +
  • 14 Jun 2023
    Listed for Sale Contact Agent
  • 13 May 2011
    Sold for $396,000

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About Brunswick 3056

The size of Brunswick is approximately 5 square kilometres. It has 22 parks covering nearly 5.2% of total area. The population of Brunswick in 2011 was 22,763 people. By 2016 the population was 24,468 showing a population growth of 7.5% in the area during that time. The predominant age group in Brunswick is 20-29 years. Households in Brunswick are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brunswick work in a professional occupation. In 2011, 49.8% of the homes in Brunswick were owner-occupied compared with 46.4% in 2016.

Brunswick has 17,203 properties. Over the last 5 years, Houses in Brunswick have seen a 6.86% increase in median value, while Units have seen a 5.81% increase. As at 31 December 2024:

  • The median value for Houses in Brunswick is $1,242,482 while the median value for Units is $616,315.
  • Houses have a median rent of $690 while Units have a median rent of $550.
There are currently 53 properties listed for sale, and 60 properties listed for rent in Brunswick on OnTheHouse. According to CoreLogic's data, 813 properties were sold in the past 12 months in Brunswick.

Suburb Insights for Brunswick 3056

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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.