2/127 Merrindale DriveKilsyth VIC 3137
Property Details for 2/127 Merrindale Dr, Kilsyth
Last Listing description (October 2019)
This quality cafe investmentis positioned on the corner of Merrindale Drive and Hi-Tech Court within the prestigious and highly sought after Merrindale Estate comprising many well established companies.
Lease Features:
- Tenant operating as 'Industrie Cafe'
- 7 year lease starting 31st December 2016
- Rental (on settlement) $42,091.17 plus GST
- Tenant pays Outgoings
- Fixed 3.5% annual increases
- 3 x 3 year further options
- Personal Guarantee and Security deposit.
The property is easily accessible, with Dorset Road, Canterbury Road, Mount Dandenong Road and Eastlink via the Ringwood Bypass all within close proximity.
*Approx.
Pricing excludes GST
Property History for 2/127 Merrindale Dr, Kilsyth, VIC 3137
- 06 Mar 2024Sold for $920,000
- 29 Oct 2019Sold for $900,000
- 07 Oct 2019Listed for Sale Contact Agent
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0About Kilsyth 3137
The size of Kilsyth is approximately 9.4 square kilometres. It has 26 parks covering nearly 4.5% of total area. The population of Kilsyth in 2011 was 10,043 people. By 2016 the population was 10,875 showing a population growth of 8.3% in the area during that time. The predominant age group in Kilsyth is 30-39 years. Households in Kilsyth are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kilsyth work in a trades occupation. In 2011, 76.4% of the homes in Kilsyth were owner-occupied compared with 76.4% in 2016.
Kilsyth has 6,374 properties. Over the last 5 years, Houses in Kilsyth have seen a 32.35% increase in median value, while Units have seen a 25.80% increase. As at 31 August 2024:
- The median value for Houses in Kilsyth is $831,069 while the median value for Units is $633,027.
- Houses have a median rent of $580 while Units have a median rent of $530.
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