SOLD
Sold on 14 Jun 2024 for $557,500

12/220 Chapel Rd
Keysborough VIC 3173

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 148m2
Land area: 16226m2
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This property is currently on the market
Shop 12/220 Chapel Road, Keysborough Vic 3173
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Property Details for 12/220 Chapel Rd, Keysborough

Building Type
Commercial
Year Built
2023
Floor Size
148m2
Land Size
16226m2
Local Government
Greater Dandenong
Lot/Plan
C12/PS843057

Last Listing description (February 2024)

A great opportunity has emerged for you to start your own business in this brand-new commercial space. Located in the newly built Chapel Park complex in Keysborough, this property presents an unmissable opportunity for business savvy entrepreneurs to capitalise on its highly visible location.

Features of this property include:

Area size approx. 73 m2

Main road frontage
Connection for grease trap & waste trade
Connection to exhaust vent for canopy
3 face electricity
56 retail car spaces

The property has immense potential and has many possible applications such as for office use, retail, clinic or as a caf/restaurant. Rent free period is negotiable for your start up. Annual Rent: $50,004.00 + GST + Outgoings.

For further details or to arrange inspection please contact Mary Tran (0402 621 592) or Rosy Tran (0434 495 159).

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Property History for 12/220 Chapel Rd, Keysborough, VIC 3173

A timeline of how this property has performed in the market
Last Sold
$557,500
14 Jun 2024
Listed for Rent
$949/w
29 Feb 2024
  • 14 Jun 2024
    Sold for $557,500
  • 29 Feb 2024
    Listed for Rent $49,500 / year
  • 09 Nov 2020
    Sold for $498,960

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About Keysborough 3173

The size of Keysborough is approximately 21.8 square kilometres. It has 56 parks covering nearly 12.1% of total area. The population of Keysborough in 2011 was 19,885 people. By 2016 the population was 25,782 showing a population growth of 29.7% in the area during that time. The predominant age group in Keysborough is 30-39 years. Households in Keysborough are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Keysborough work in a professional occupation. In 2011, 81% of the homes in Keysborough were owner-occupied compared with 79.7% in 2016.

Keysborough has 12,766 properties. Over the last 5 years, Houses in Keysborough have seen a 34.40% increase in median value, while Units have seen a 22.59% increase. As at 31 October 2024:

  • The median value for Houses in Keysborough is $986,541 while the median value for Units is $750,683.
  • Houses have a median rent of $688 while Units have a median rent of $648.
There are currently 32 properties listed for sale, and 21 properties listed for rent in Keysborough on OnTheHouse. According to CoreLogic's data, 389 properties were sold in the past 12 months in Keysborough.

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