SOLD
Sold on 02 Feb 2024 for $3,000,000

1445 Main Road
Eltham VIC 3095

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5138m2
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Property Details for 1445 Main Rd, Eltham

Building Type
Commercial
Land Size
5138m2
Local Government
Nillumbik
Lot/Plan
2/LP209936

Last Listing description (October 2023)

Fitzroys is delighted to offer 1445-1453 Main Road, Eltham for private sale.

This versatile offering, suited to owner occupiers and developers, represents a generational opportunity to acquire a site of this configuration in this location.

Key attributes include:

- First time offered in 33 Years
- Irreplaceable land holding of 5,138sqm*
- Main Road frontage of 97.88* metres
- Well presented, fully functional hospitality building of 464sqm*
- Huge onsite car park encompassing over 60* car spaces
- Currently operating as a licenced restaurant and function centre with capacity to expand
- Improvements include a dining area for 140 seated patrons, excellent natural light throughout, full commercial kitchen and lower ground floor storage / cellar
- Offered with vacant possession
- Suits a variety of other uses and development outcomes (stca)
- Significant re-development potential including residential (townhouses), childcare, medical, etc (stca)
- Convenient proximity to all forms of amenity including Eltham's retail precinct, public transport options, schools, parklands and recreational facilities
- Highly sought after residential location with rapidly rising median house / unit prices
- Strategic gateway location to the hugely popular Yarra Valley winery district
- Occupy or Develop!

*Approx.

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Property History for 1445 Main Rd, Eltham, VIC 3095

A timeline of how this property has performed in the market
Last Sold
$3,000,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $3,000,000
  • 03 Aug 2023
    Listed for Sale Contact Agent
  • 16 Feb 2021
    Listed for Sale Contact Agent
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About Eltham 3095

The size of Eltham is approximately 16.6 square kilometres. It has 55 parks covering nearly 15.2% of total area. The population of Eltham in 2011 was 18,162 people. By 2016 the population was 18,303 showing a population growth of 0.8% in the area during that time. The predominant age group in Eltham is 40-49 years. Households in Eltham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eltham work in a professional occupation. In 2011, 85.6% of the homes in Eltham were owner-occupied compared with 85.5% in 2016.

Eltham has 8,569 properties. Over the last 5 years, Houses in Eltham have seen a 27.28% increase in median value, while Units have seen a 14.61% increase. As at 30 November 2024:

  • The median value for Houses in Eltham is $1,248,395 while the median value for Units is $790,774.
  • Houses have a median rent of $680 while Units have a median rent of $600.
There are currently 24 properties listed for sale, and 4 properties listed for rent in Eltham on OnTheHouse. According to CoreLogic's data, 307 properties were sold in the past 12 months in Eltham.

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