SOLD
Sold on 22 Jul 2024 for $860,000

6/1821 Ferntree Gully Road
Ferntree Gully VIC 3156

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2459m2
Land area: 400m2
Sold By
Appleby Real Estate
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Property Details for 6/1821 Ferntree Gully Rd, Ferntree Gully

Building Type
Commercial
Floor Size
2459m2
Land Size
400m2
Local Government
Knox
Lot/Plan
6/SP36918

Last Listing description (July 2024)

STRENGTHEN YOUR PORTFOLIO - INVESTMENT OPPORTUNITY
Appleby Commercial is pleased to offer 6/1821 Ferntree Gully, Ferntree Gully to the market for Private Sale.

PROPERTY DETAILS

- Floor Area: 408 sqm
- Plus mezzanine area:  88 sqm
- Flexible Commercial 2 Zone
- 6 Allocated Car Spaces
- Motorised Roller Shutter Door
- Male & Female Amenities

LEASE DETAILS
- Tenant: Leo Luxury Furniture Pty Ltd 
- Current Rental: $43,000 Per Annum, Plus GST & Outgoings
- Lease Term: 2 Years Commencing 01/08/2023
- Lease Expiry: 31/07/2025 
- Further Term: No Further Option

For further information or to arrange an inspection please contact Appleby Commercial today.

Property History for 6/1821 Ferntree Gully Rd, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$860,000
22 Jul 2024
Listed for Rent
$671/w
09 Mar 2019
  • 22 Jul 2024
    Sold for $860,000
  • 21 May 2024
    Listed for Sale Contact Agent
  • 24 Feb 2024
    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 13,475 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 24.44% increase in median value, while Units have seen a 16.96% increase. As at 30 September 2024:

  • The median value for Houses in Ferntree Gully is $864,907 while the median value for Units is $654,003.
  • Houses have a median rent of $590 while Units have a median rent of $550.
There are currently 56 properties listed for sale, and 25 properties listed for rent in Ferntree gully on OnTheHouse. According to CoreLogic's data, 494 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.