SOLD
Sold on 21 Mar 2024 for $1,787,500

2/889-891 Burwood Highway
Ferntree Gully VIC 3156

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 339m2
Sold By
Appleby Real Estate
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Property Details for 2/889-891 Burwood Hwy, Ferntree Gully

Building Type
Commercial
Land Size
339m2
Local Government
Knox
Lot/Plan
2/PS432074

Last Listing description (March 2024)

Appleby Commercial is pleased to offer 2/889-891 Burwood Highway, Ferntree Gully for sale by Public Auction with vacant possession.
Proudly positioned on a high profile corner location, this versatile premises provides unrivalled exposure ideal for long term investment or owner occupation.
A quality commercial site of approximately 456 square metres, the building has been very well maintained and comprises an office/showroom area along with factory/workshop area.  

Suitable for a variety of uses, the scarcity of such an offering with main road exposure provides a truly rare opportunity for either Investors or Owner Occupiers.

OPEN FOR INSPECTION: THURSDAY 21 MARCH - 11.30AM - 12.00PM

PROPERTY ATTRIBUTES
+ Total floor area: 456m2*
+ Ground floor area: 348m2*
+ Mezzanine: 108m2*
+ High profile street frontage
+ Corner site with rear access
+ On-site car parking
+ Four motorised roller doors
+ Showroom/office/retail space
+ Heating and cooling within the office area

*All areas are approximate.

For more information, please contact Appleby Commercial on (03) 8727 9555.

Property History for 2/889-891 Burwood Hwy, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$1,787,500
21 Mar 2024
  • 21 Mar 2024
    Sold for $1,787,500
  • 20 Feb 2024
    Listed for Sale Contact Agent
  • 22 Jan 2020
    Transferred
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About Ferntree Gully 3156

The size of Ferntree Gully is approximately 14 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Ferntree Gully in 2011 was 25,585 people. By 2016 the population was 26,433 showing a population growth of 3.3% in the area during that time. The predominant age group in Ferntree Gully is 30-39 years. Households in Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferntree Gully work in a professional occupation. In 2011, 78.9% of the homes in Ferntree Gully were owner-occupied compared with 77% in 2016.

Ferntree Gully has 13,622 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 21.71% increase in median value, while Units have seen a 15.64% increase. As at 31 October 2024:

  • The median value for Houses in Ferntree Gully is $870,259 while the median value for Units is $655,718.
  • Houses have a median rent of $595 while Units have a median rent of $550.
There are currently 59 properties listed for sale, and 30 properties listed for rent in Ferntree gully on OnTheHouse. According to CoreLogic's data, 501 properties were sold in the past 12 months in Ferntree gully.

Suburb Insights for Ferntree Gully 3156

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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.