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Sold on 29 Nov 2024 - Price Unavailable

243 Nepean Highway
Edithvale VIC 3196

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 40m2
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Property Details for 243 Nepean Hwy, Edithvale

Building Type
Commercial
Floor Size
40m2

Last Listing description (November 2024)

The business is ideally situated on a major road, Nepean Highway, Edithvale (WALKING DISCTANCE BEACH), that is very visible to passing traffic. It is easily accessible to customers being on a high-traffic shopping strip. The premises of the business is a single-fronted shop with good equipment and rear parking. Nothing needs to be spent because the business already has all the equipment it needs to operate.

Current takings $8500-$9500 weekly.

During: October to may the taking is between $12000 - $14000 and more per week.
Simple menu / operation
Selling Charcoal chicken, souvlaki, hamburger, chips, salad & associated products
Rental $600 per week (no body corp)
Outgoing appr. $70 per week.

The business has a long-term lease 5=5, which will commence from the date the new owner buys this business. This enables the business to operate in the location and premises that customers have already associated with it.

Operations are simple with only an owner-operator working full-time and assisted by a full-time staff member. Having simple operations enables the business to operate with few staff members to reduce wage costs for greater profit margins.

Openings time: Tuesday to Sunday. 9.45 08:00 pm or longer if one wants
Asking price $120,000 negotiable with the right buyer.
Wahid Paykari 0423820278

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Property History for 243 Nepean Hwy, Edithvale, VIC 3196

A timeline of how this property has performed in the market
Last Sold
29 Nov 2024
Listed for Rent
$275/w
08 Jun 2018
  • 29 Nov 2024
    Sold
  • 03 Oct 2024
    Listed for Sale CONTACT AGENT
  • 07 Feb 2019
    Listed for Sale Contact Agent
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About Edithvale 3196

The size of Edithvale is approximately 2 square kilometres. It has 6 parks covering nearly 18.6% of total area. The population of Edithvale in 2011 was 5,449 people. By 2016 the population was 5,822 showing a population growth of 6.8% in the area during that time. The predominant age group in Edithvale is 40-49 years. Households in Edithvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Edithvale work in a professional occupation. In 2011, 73.1% of the homes in Edithvale were owner-occupied compared with 71.8% in 2016.

Edithvale has 3,426 properties. Over the last 5 years, Houses in Edithvale have seen a 26.98% increase in median value, while Units have seen a 17.19% increase. As at 30 November 2024:

  • The median value for Houses in Edithvale is $1,285,169 while the median value for Units is $838,931.
  • Houses have a median rent of $693 while Units have a median rent of $620.
There are currently 7 properties listed for sale, and 5 properties listed for rent in Edithvale on OnTheHouse. According to CoreLogic's data, 154 properties were sold in the past 12 months in Edithvale.

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Contact agent
Wahid Paykari
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LJ Hooker Dandenong City
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