SOLD
Sold on 06 Dec 2023 for $470,000

26 The Mall
Heidelberg West VIC 3081

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 125m2
Land area: 245m2
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Property Details for 26 The Mall, Heidelberg West

Building Type
Commercial
Floor Size
125m2
Land Size
245m2
Local Government
Banyule
Lot/Plan
31/LP33018

Last Listing description (November 2023)

Located in Heidelberg West "The Mall" is this unique opportunity to secure an affordable investment in a growing community location.
Key features include:
- Building area: 125 sqm (approx.)

- Land area: 245 sqm (approx.)
- Zoned Commercial 1
- Open-plan retail shop including small kitchen at rear
- Large rear yard of 100 sqm (approx.), ideal for off-street parking or storage
- Passing income of $28,700 per annum, plus outgoings
- Over-holding lease
- Large carpark either side of the shopping centre
- Surrounded by good tenancy mix (Subway, Australia Post, ALDI and Bottlemart)
- Access to Melbourne's bus network close by and Heidelberg Train Station

Terms: 10% Deposit, Balance 60/90 Days

For further details or to inspect contact:
Jonathan Rizzo 0404 125 846
Mark Dixon 0423 395 699

Property History for 26 The Mall, Heidelberg West, VIC 3081

A timeline of how this property has performed in the market
Last Sold
$470,000
06 Dec 2023
Listed for Rent
$448/w
06 Oct 2012
  • 06 Dec 2023
    Sold for $470,000
  • 15 Nov 2023
    Listed for Sale $525,000
  • 14 Jun 2012
    Listed for Rent - Price not available
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About Heidelberg West 3081

The size of Heidelberg West is approximately 3.2 square kilometres. It has 9 parks covering nearly 14.1% of total area. The population of Heidelberg West in 2011 was 5,327 people. By 2016 the population was 5,561 showing a population growth of 4.4% in the area during that time. The predominant age group in Heidelberg West is 20-29 years. Households in Heidelberg West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heidelberg West work in a professional occupation. In 2011, 38.5% of the homes in Heidelberg West were owner-occupied compared with 37.9% in 2016.

Heidelberg West has 4,085 properties. Over the last 5 years, Houses in Heidelberg West have seen a 24.68% increase in median value, while Units have seen a 23.15% increase. As at 31 July 2024:

  • The median value for Houses in Heidelberg West is $856,213 while the median value for Units is $691,192.
  • Houses have a median rent of $520 while Units have a median rent of $550.
There are currently 13 properties listed for sale, and 6 properties listed for rent in Heidelberg west on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Heidelberg west.

Suburb Insights for Heidelberg West 3081

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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.