22-24 Hammer StreetFlora Hill VIC 3550
Property Details for 22-24 Hammer St, Flora Hill
Last Listing description (May 2023)
Vacant possession of fully equipped fish and chip shop ready to start your own business! Full list of plant and equipment available on request.
In the heart of Flora Hill situated on a 642sqm block, Hammer Street Take Away has been a household name for years. Providing premium service and quality to the local community.
The opportunity now exists to own the freehold to 22 - 24 Hammer Street. The main building consists of a commercial kitchen, seated dining and waiting area for customers, as well as a large storeroom and office. The property also boasts a 3 bedroom, 1 Bathroom residence at the rear, with secure off street parking for 3 cars as well as a separate storage shed and fully secured back yard.
Rental Appraisal
$1,050pw ($700 fully equipped shop + $350 Residence)
= $54,600pa Inc GST
Property History for 22-24 Hammer St, Flora Hill, VIC 3550
- 20 Feb 2024Sold for $550,000
- 09 Feb 2023Listed for Sale NEW PRICE!! $650,000
- 29 Mar 2022Listed for Sale New Price! $699,000 - $750,000
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0About Flora Hill 3550
The size of Flora Hill is approximately 2.9 square kilometres. It has 7 parks covering nearly 17.4% of total area. The population of Flora Hill in 2011 was 3,865 people. By 2016 the population was 3,948 showing a population growth of 2.1% in the area during that time. The predominant age group in Flora Hill is 20-29 years. Households in Flora Hill are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Flora Hill work in a professional occupation. In 2011, 50.7% of the homes in Flora Hill were owner-occupied compared with 44.1% in 2016.
Flora Hill has 2,208 properties. Over the last 5 years, Houses in Flora Hill have seen a 48.63% increase in median value, while Units have seen a 35.16% increase. As at 31 October 2024:
- The median value for Houses in Flora Hill is $565,617 while the median value for Units is $358,888.
- Houses have a median rent of $450 while Units have a median rent of $395.
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