196 Elgin StreetCarlton VIC 3053
Property Details for 196 Elgin St, Carlton
Last Listing description (November 2023)
Discover a rare chance to invest in a superb retail property in Carlton's bustling heart, adjacent to Lygon Street Entertainment Precinct. Spanning approximately 94 m land and 92 m build area within a Commercial 1 Zone, this space offers versatility for various ventures.
Currently leased until 1/12/25 with a 3-year option, enjoy a secure investment with a reliable $40,000 p.a. income. Noteworthy features include two street frontages for maximum exposure and foot traffic, providing a competitive edge in this vibrant hub.
Seize this exceptional opportunity for stability and growth in Carlton. A premium location, flexible zoning, and favorable lease terms make this property a smart investment for long-term success.
Property History for 196 Elgin St, Carlton, VIC 3053
- 16 Feb 2024Sold for $700,000
- 01 Jun 2023Listed for Sale Contact Agent
- 24 Nov 2022Listed for Sale $900,000
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0About Carlton 3053
The size of Carlton is approximately 1.7 square kilometres. It has 9 parks covering nearly 20.9% of total area. The population of Carlton in 2011 was 13,509 people. By 2016 the population was 18,506 showing a population growth of 37.0% in the area during that time. The predominant age group in Carlton is 20-29 years. Households in Carlton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carlton work in a professional occupation. In 2011, 21.6% of the homes in Carlton were owner-occupied compared with 18.6% in 2016.
Carlton has 15,706 properties. Over the last 5 years, Houses in Carlton have seen a 5.40% increase in median value, while Units have seen a -4.41% decrease. As at 30 November 2024:
- The median value for Houses in Carlton is $1,517,687 while the median value for Units is $364,365.
- Houses have a median rent of $650 while Units have a median rent of $525.
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