SOLD
Sold on 20 Jun 2024 for $1,280,000

384A Nepean Highway
Chelsea VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 229m2
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Property Details for 384a Nepean Hwy, Chelsea

Building Type
Commercial
Land Size
229m2
Local Government
Kingston
Lot/Plan
1/TP210039

Last Listing description (October 2023)

POINT OF INTEREST:

With its beautiful beaches, locally-loved amenities, and a newly developed railway station Chelsea is Baysides best-kept secret. And those who live here know the inevitable wave of interest thats about to head this way from the likes of Black Rock and Mordialloc, two neighbouring suburbs that has seen rapid popularity and development. Cue: Your timely move. This flexible single-level retail building is currently 85 sqm* and the landlord has already organised a permit to completely refurbish the space to suit your exact needs. If youd like to stretch your legs further, however, the property can be extended to 145 sqm*, depending on what youre in the market for. This offer also broadens the brief from a traditional retail asset to potentially a medical practice, a caf/wine bar, or an office set-up. The rear yard holds fantastic potential to be utilised as a courtyard for staff or clientele. There are two car spaces allocated at the rear, but the large council car park will take care of the rest. Sitting amongst Chelseas prime retail precinct, neighbours to the popular Long Beach Hotel, the frontage is also exposed to Nepean Highway traffic and metres from the newly developed railway station and the beachfront.


- Option 1: 85 sqm* of refurbished building area.
- Option 2: 145 sqm* of refurbished building area (planning approved).
- 229 sqm* of land area.
- Commercial 1 zoning.
- 2 car spaces and a large council car park at the rear.
- Dual street frontages to the Nepean Highway and rear of the property.
- Less than 5 minutes walk from Chelsea railway station.

POINT OF VIEW:

Now that its near impossible to land a Friday night park at the Mordialloc Cellar Door, locals are looking out for the next hot Bayside suburb, and relocators are looking for more reasonable coastal real estate. Chelseas boom has just begun, and the early bird will get the swarm.

*Approx.
Pricing excludes GST

Property History for 384a Nepean Hwy, Chelsea, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$1,280,000
20 Jun 2024
Listed for Rent
$55k/w
12 Oct 2023
  • 20 Jun 2024
    Sold for $1,280,000
  • 12 Oct 2023
    Listed for Rent - Price not available
  • 09 Jun 2023
    Listed for Rent - Price not available
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About Chelsea 3196

The size of Chelsea is approximately 2.6 square kilometres. It has 6 parks covering nearly 13.8% of total area. The population of Chelsea in 2011 was 7,222 people. By 2016 the population was 7,779 showing a population growth of 7.7% in the area during that time. The predominant age group in Chelsea is 30-39 years. Households in Chelsea are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea work in a professional occupation. In 2011, 62.1% of the homes in Chelsea were owner-occupied compared with 63.2% in 2016.

Chelsea has 5,002 properties. Over the last 5 years, Houses in Chelsea have seen a 25.59% increase in median value, while Units have seen a 20.17% increase. As at 30 September 2024:

  • The median value for Houses in Chelsea is $1,073,563 while the median value for Units is $705,098.
  • Houses have a median rent of $620 while Units have a median rent of $530.
There are currently 18 properties listed for sale, and 2 properties listed for rent in Chelsea on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Chelsea.

Suburb Insights for Chelsea 3196

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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.