SOLD
Sold on 04 Nov 2023 for $800,000

33/107 Wells Road
Chelsea Heights VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 273m2
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Property Details for 33/107 Wells Rd, Chelsea Heights

Building Type
Commercial
Land Size
273m2
Local Government
Kingston
Lot/Plan
33/PS822585

Last Listing description (September 2021)

Nichols Crowder are delighted to bring to market for lease a brand new warehouse in Chelsea Heights latest commercial development. This boutique development comprises of 56 office/warehouses which have direct access onto Wells Road. The estate sets a new benchmark for quality, features and access in the highly sought-after Chelsea Heights commercial precinct.

107 Wells Road is unrivalled with its premier location in Melbourne's South Eastern Bayside. Located between the Peninsula Freeway and Wells Road. With 314 meters* of combined frontage onto Wells Road and Mornington Peninsula Freeway, the business estate has outstanding access to nearby residential catchments including Chelsea, Bonbeach, Patterson Lakes, Edithvale and Aspendale.

Nearby major road networks include the Mornington Peninsula Freeway, Nepean Highway, Thompsons Road and the currently under-construction Mordialloc Bypass.

Key features include:

* Total building area 222sqm*
* Warehouse height up to 8m*
* Motorised roller door 5m* high
* Kitchenette and bathroom facilities
* 3 phase power
* 2 onsite carparks
* Landlord will construct a ground floor office if required
* Available September 2021

For further information or to arrange an inspection, please contact:

James Dodge 0488 586 896
Josh Monks 0409 335 179

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

Property History for 33/107 Wells Rd, Chelsea Heights, VIC 3196

A timeline of how this property has performed in the market
Last Sold
$800,000
04 Nov 2023
Listed for Rent
$460/w
07 Sep 2021
  • 04 Nov 2023
    Sold for $800,000
  • 17 Aug 2021
    Listed for Rent $24,000 / year
  • 04 Oct 2019
    Sold for $474,688

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About Chelsea Heights 3196

The size of Chelsea Heights is approximately 3.1 square kilometres. It has 8 parks covering nearly 21% of total area. The population of Chelsea Heights in 2011 was 5,185 people. By 2016 the population was 5,339 showing a population growth of 3.0% in the area during that time. The predominant age group in Chelsea Heights is 40-49 years. Households in Chelsea Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chelsea Heights work in a professional occupation. In 2011, 78.8% of the homes in Chelsea Heights were owner-occupied compared with 82.7% in 2016.

Chelsea Heights has 2,550 properties. Over the last 5 years, Houses in Chelsea Heights have seen a 26.48% increase in median value, while Units have seen a 6.36% increase. As at 30 September 2024:

  • The median value for Houses in Chelsea Heights is $961,100 while the median value for Units is $696,605.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 4 properties listed for sale, and 4 properties listed for rent in Chelsea heights on OnTheHouse. According to CoreLogic's data, 64 properties were sold in the past 12 months in Chelsea heights.

Suburb Insights for Chelsea Heights 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.