Appleby Commercial is pleased to offer 3/1 Alpine Street, Ferntree Gully to the market for sale.
Well located within the heart of a local shopping precinct just 200 metres from the Ferntree Gully Station, this retail shop offers a unique opportunity for investors seeking to enter the commercial market or looking to add to their portfolio.
The 79 square metre shop is currently tenanted and operating as a gift shop with a 2 x 2 year lease agreement in place.
PROPERTY ATTRIBUTES
+ Building area: 79m2
+ Close to public transport
+ Self contained
+ Car parking available
+ Leased shop
LEASE DETAILS
+ Lease commenced: 1/3/2022
+ Lease term: 2 years
+ Further option: 2 years
+ Current rental: $15,315.48 P.A. plus outgoings
For further information or to organise an inspection, please contact Appleby Commercial on (03) 8727 9555.
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 13,623 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:
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