208 Albion StreetBrunswick VIC 3056
Property Details for 208 Albion St, Brunswick
Last Listing description (July 2024)
Presenting opportunity & unparalleled convenience. A thriving and popular caf located off Sydney Road, Melbourne.
This functional designed Cafe/Restaurant allows up to 20 seats, featuring 87sqm total building area with 1 car parking space,
Excellent connectivity and exposure with Trams stopping directly outside the property with approx. 22,000* cars passing by daily.
Located in a renowned food and beverage precinct surrounded by an array of hospitality institutions drawing consistent and loyal patronage from across wider Melbourne with approx. 12km to Melbourne Central.
This rare retail investment is a valuable addition to any property portfolio, given its prime location.
Currently tenanted on a month to month lease with the option to either buy vacant or purchase as investment, with a 3 year lease attached with the existing tenant.
Property History for 208 Albion St, Brunswick, VIC 3056
- 28 Mar 2024Sold for $550,000
- 05 Mar 2024Listed for Sale $500,000 - $550,000
- 01 Oct 2014Listed for Rent - Price not available
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0About 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 17,052 properties. Over the last 5 years, Houses in Brunswick have seen a 16.51% increase in median value, while Units have seen a 6.50% increase. As at 31 October 2024:
- The median value for Houses in Brunswick is $1,275,398 while the median value for Units is $608,561.
- Houses have a median rent of $695 while Units have a median rent of $550.
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