396 Nepean HighwayChelsea VIC 3196
Property Details for 396 Nepean Hwy, Chelsea
Last Listing description (October 2023)
RWC Oakleigh is pleased to present an entry level retail investment located at 396 Nepean Hwy, Chelsea. The property is scheduled for "Online Auction" on Thursday 26th October 2023 @ 12pm.
Leased to Infinity Hair, a reputable hair salon who has occupied the premises since April 2021. The property comes with a new 2-year lease from April 2023, with an option for an additional 2-year term. Currently generating an annual income of $22,000 P/A net, this property offers a steady and attractive return on your investment.
This property boasts a total area of 60m2* and is situated on Nepean Hwy in the thriving Chelsea Village. The property comes with one (1) car space plus ample council parking directly at the rear of the premises.
What truly sets this property apart is its exceptional location. Chelsea Train Station is conveniently situated across the road, and Chelsea Beach just a short 225m* stroll from the property.
Adding to its allure, the surrounding area is teeming with complementary businesses, ensuring sustained growth for your investment over the years to come. Don't miss your chance to secure this prime piece of real estate in Chelsea's thriving heart - a promising opportunity awaits one lucky buyer!
Key highlights of the property include:
• Total building area | 60m2*
• Rear access with one (1) car space
• Ample public parking directly at the rear
• Main road exposure
• Leased to Infinity Hair since April 2021
• Renewed 2 + 2 year lease (April 2023)
• Current income | $22,000 p/a plus GST plus Outgoings
• Commercial 1 Zone (C1Z)
Inspection times:
• Monday 23rd October 2023 | 12:00pm - 12:30pm
To register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property (copy link below):
https://anywhereauctions.com.au/app/property?propertyId=36959
Ryan Amler | 0401 971 622
Simon Liang | 0451 954 318
Tom Carroll | 0410 698 033
*All areas and figures approx only.
All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents
Property History for 396 Nepean Hwy, Chelsea, VIC 3196
- 27 Oct 2023Sold for $425,000
- 25 Sep 2023Listed for Sale Online Auction ($350,000 - $385,000)
- 22 Feb 2021Listed for Rent $240,000 / year
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0About 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.
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