SOLD
Sold on 28 Nov 2023 for $3,800,000

12 Kingsway
Glen Waverley VIC 3150

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 209m2
Sold By
New Century Real Estate & Business Brokers - Box Hill
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Property Details for 12 Kingsway, Glen Waverley

Building Type
Commercial
Land Size
209m2
Local Government
Monash
Lot/Plan
28/LP13532

Last Listing description (November 2023)

Gross Waddell ICR is pleased to offer for sale via auction this incredibly rare opportunity to secure a freehold property within one of Melbourne's most highly desirable and tightly held retail shopping strips.

Property highlights include:

New 6 year lease

Leased to established medical operator

Strong rental income of $130,000* p.a.

Annual CPI increases

Land: 209sqm*, zoning Commercial 1

Single level retail building of 150sqm*

Onsite car parking at rear

Neighbouring established and national retailers including NAB, Commonwealth Bank and Dan Murphy's

12 Kingsway, Glen Waverley is offered for sale via Public Auction on Wednesday 6th December 2023 at 2.30pm onsite. For further information or to organise an inspection please contact Gross Waddell ICR directly.

Transaction managed by LDB Property.

*Approx.

Property History for 12 Kingsway, Glen Waverley, VIC 3150

A timeline of how this property has performed in the market
Last Sold
$3,800,000
28 Nov 2023
  • 28 Nov 2023
    Sold for $3,800,000
  • 01 Nov 2023
    Listed for Sale Contact Agent
  • 30 Sep 2005
    Transferred

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About Glen Waverley 3150

The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2011 was 39,204 people. By 2016 the population was 40,331 showing a population growth of 2.9% in the area during that time. The predominant age group in Glen Waverley is 10-19 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation. In 2011, 76.4% of the homes in Glen Waverley were owner-occupied compared with 72.6% in 2016.

Glen Waverley has 19,563 properties. Over the last 5 years, Houses in Glen Waverley have seen a 25.47% increase in median value, while Units have seen a 12.61% increase. As at 31 October 2024:

  • The median value for Houses in Glen Waverley is $1,720,848 while the median value for Units is $922,039.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 108 properties listed for sale, and 54 properties listed for rent in Glen waverley on OnTheHouse. According to CoreLogic's data, 730 properties were sold in the past 12 months in Glen waverley.

Suburb Insights for Glen Waverley 3150

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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.