SOLD
Sold on 27 Aug 2024 for $7,370,000

287 Burke Road
Glen Iris VIC 3146

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 22896m2
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Property Details for 287 Burke Rd, Glen Iris

Building Type
Land
Land Size
22896m2
Local Government
Stonnington
Lot/Plan
3/PS817186

Last Listing description (October 2023)

Morley is pleased to offer these ground floor retail and commercial spaces facing Gardiner Train Station, that will add new services for the local community.

Areas: 55sqm - 540sqm approx.

Blank canvas shells allowing tenant fit-outs to be customised to ideal requirements
High ceilings and full height glass facades
Ideal for hospitality, retail, showroom, medical allied health or other uses
Opportunity to capitalise on the local Glen Iris population (25,000 approx.) which is significantly under-serviced with retail/hospitality offerings
High exposure to Burke Road and train commuters
Large public car park adjacent
Join high end wellness/fitness studio Flow St8 at Glenarm Square!

Property History for 287 Burke Rd, Glen Iris, VIC 3146

A timeline of how this property has performed in the market
Last Sold
$7,370,000
27 Aug 2024
Listed for Rent
$30k/w
09 Oct 2023
  • 27 Aug 2024
    Sold for $7,370,000
  • 19 May 2023
    Listed for Rent - Price not available

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About Glen Iris 3146

The size of Glen Iris is approximately 8 square kilometres. It has 26 parks covering nearly 8.7% of total area. The population of Glen Iris in 2011 was 24,948 people. By 2016 the population was 25,253 showing a population growth of 1.2% in the area during that time. The predominant age group in Glen Iris is 40-49 years. Households in Glen Iris are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Iris work in a professional occupation. In 2011, 71% of the homes in Glen Iris were owner-occupied compared with 68% in 2016.

Glen Iris has 13,242 properties. Over the last 5 years, Houses in Glen Iris have seen a 22.33% increase in median value, while Units have seen a -1.50% decrease. As at 31 August 2024:

  • The median value for Houses in Glen Iris is $2,405,742 while the median value for Units is $719,283.
  • Houses have a median rent of $990 while Units have a median rent of $550.
There are currently 26 properties listed for sale, and 11 properties listed for rent in Glen iris on OnTheHouse. According to CoreLogic's data, 548 properties were sold in the past 12 months in Glen iris.

Suburb Insights for Glen Iris 3146

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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.