SOLD
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Sold on 18 Nov 2024 - Price Unavailable

75A Mt Derrimut Road
Deer Park VIC 3023

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 883m2
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Property Details for 75a Mt Derrimut Rd, Deer Park

Building Type
Commercial
Land Size
883m2
Local Government
Brimbank
Lot/Plan
2/PS637867

Last Listing description (December 2024)

This high-profile, 883m2 restaurant / bar is a first-class investment opportunity, proudly presented by Compton Green Commercial, within Deer Park's highly rewarding industrial and retail precinct. A thriving, 200+ seat venue with indoor-outdoor dining, plenty of evening parking and excellent tenants.

Successful, high-profile restaurateur as an excellent tenant
Currently returning $145,000+ Gst & Outgoings

Lease details 1/11/23 - 31/10/2028 (with 2 further options of 5 years each)
Large industrial kitchen.
Seating for 200+ patrons.
Indoor and outdoor dining.
Males and female amenities.
High profile position with plenty of pedestrian and vehicular traffic.
Easy access to the Deer Park Bypass
Western Highway and Ring Road nearby
Walk to Deer Park Railway Station.

Property History for 75a Mt Derrimut Rd, Deer Park, VIC 3023

A timeline of how this property has performed in the market
Last Sold
18 Nov 2024
  • 18 Nov 2024
    Sold
  • 24 Oct 2024
    Listed for Sale Contact Agent
  • 12 Mar 2024
    Listed for Sale Contact Agent

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About Deer Park 3023

The size of Deer Park is approximately 8.6 square kilometres. It has 30 parks covering nearly 9.8% of total area. The population of Deer Park in 2011 was 16,204 people. By 2016 the population was 18,121 showing a population growth of 11.8% in the area during that time. The predominant age group in Deer Park is 30-39 years. Households in Deer Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Deer Park work in a labourer occupation. In 2011, 67.1% of the homes in Deer Park were owner-occupied compared with 66.3% in 2016.

Deer Park has 7,646 properties. Over the last 5 years, Houses in Deer Park have seen a 16.61% increase in median value, while Units have seen a 12.27% increase. As at 30 November 2024:

  • The median value for Houses in Deer Park is $641,757 while the median value for Units is $506,496.
  • Houses have a median rent of $475 while Units have a median rent of $430.
There are currently 41 properties listed for sale, and 18 properties listed for rent in Deer park on OnTheHouse. According to CoreLogic's data, 293 properties were sold in the past 12 months in Deer park.

Suburb Insights for Deer Park 3023

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Show contact details
Compton Green
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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.