219 Nepean HighwayGardenvale VIC 3185
Property Details for 219 Nepean Hwy, Gardenvale
Last Listing description (January 2009)
GREAT TENANTS WITH UPSIDE
IMAGINE HAVING AN INVESTMENT PROPERTY WITH;
* LONG LEASE TO TELSTRA
* SHORT TERM LEASE TO GLEN EIRA CITY COUNCIL
BUT ALSO THE PROPERTY HAD NEPEAN HIGHWAY FRONTAGE AND REAR ACCESS.
THEN TO TOP IT OFF YOU HAD A PERMIT FOR A TWO LEVEL SHOWROOM OFFICE WHICH YOU COULD OCCUPY OR ADD TO YOUR INVESTMENTS BY LEASING OUT.
219 NEPEAN HIGHWAY OFFERS ALL THE ABOVE AND WHEN PRICING THE TWO COMPONENTS CONSIDERATION TOWARDS;
A) CODY AND TELSTRA INCOME - HIGH YIELD FOR LEASES EXPIRES IN 2014 PLUS OPTIONS; AND
B) LAND WITH A GREAT PERMIT
* RENTAL $133,868PA
* AMAZING EXPOSURE AND REAR ACCESS
* LEASED TO TELSTRA AND CODY SIGNS TO 2014 PLUS 10 YEARS
A PERMIT EXITS FOR;
* TWO LEVEL OFFICE/SHOWROOM BUILDING
* ESTIMATED AREA OF 300SQM OVER TWO LEVELS
* WITH PARKING FOR 6 VEHICLES WITH ACCESS FROM REAR LANEWAY
Property History for 219 Nepean Hwy, Gardenvale, VIC 3185
- 27 Aug 2008Listed for Sale Not Disclosed
- 08 Dec 2003Sold for $888,900
- 08 Dec 2003Sold for $898,000
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About Gardenvale 3185
The size of Gardenvale is approximately 0.3 square kilometres. It has 1 park covering nearly 1.8% of total area. The population of Gardenvale in 2011 was 971 people. By 2016 the population was 1,024 showing a population growth of 5.5% in the area during that time. The predominant age group in Gardenvale is 30-39 years. Households in Gardenvale are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Gardenvale work in a professional occupation. In 2011, 48.9% of the homes in Gardenvale were owner-occupied compared with 49.3% in 2016.
Gardenvale has 706 properties. Over the last 5 years, Houses in Gardenvale have seen a 3.73% increase in median value, while Units have seen a -11.89% decrease. As at 31 October 2024:
- The median value for Houses in Gardenvale is $1,886,615 while the median value for Units is $554,316.
- Houses have a median rent of $575 while Units have a median rent of $390.
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