232 Boundary RoadDromana VIC 3936
Property Details for 232 Boundary Rd, Dromana
Last Listing description (August 2024)
Discover the perfect investment opportunity at 232 Boundary Road, Dromana! This commercial property offers an exceptional chance to own a lucrative asset in a top-notch location.
Key Features:
Top Location: Situated in a prime area, this property boasts high visibility and easy accessibility, ensuring maximum exposure for your business. Great local businesses in a busy strip and directly across from Arthurs Seat-Red Hill mountain bike tracks, pump track, skatepark and walking tracks.
Great Investment: Secure your future with this fantastic investment opportunity. Enjoy steady returns and potential growth in a thriving area.
Tenant in Place: With a reliable tenant locked in until April 2025, you'll start earning immediately with a steady rental income of approximately $42,000 per annum, plus outgoings.
Income Potential: Benefit from a consistent rental income stream, making this property an ideal addition to your portfolio. (commercial premises only)
Large grease trap already in place for future potential if required.
Don't miss out on this chance to own a promising commercial property in an unbeatable location! Contact us today to seize this excellent investment opportunity.
Property History for 232 Boundary Rd, Dromana, VIC 3936
- 24 Jun 2024Sold for $940,000
- 30 May 2024Sold for $940,000
- 10 Apr 2024Listed for Sale $900,000 - $950,000
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0About Dromana 3936
The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of total area. The population of Dromana in 2011 was 5,125 people. By 2016 the population was 5,802 showing a population growth of 13.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation. In 2011, 68.2% of the homes in Dromana were owner-occupied compared with 67.9% in 2016.
Dromana has 5,845 properties. Over the last 5 years, Houses in Dromana have seen a 46.28% increase in median value, while Units have seen a 26.83% increase. As at 31 July 2024:
- The median value for Houses in Dromana is $972,962 while the median value for Units is $778,410.
- Houses have a median rent of $600 while Units have a median rent of $550.
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