SOLD
Sold on 19 Apr 2024 for $1,180,000

7/1488 Ferntree Gully Road
Knoxfield VIC 3180

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 269m2
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Property Details for 7/1488 Ferntree Gully Rd, Knoxfield

Building Type
Commercial
Land Size
269m2
Local Government
Knox
Lot/Plan
7A/PS526412

Last Listing description (February 2022)

POINT OF INTEREST:
Uncompromised exposure to thousands of passing motorists daily, with neighbouring major retailers, makes this showroom and warehouse your next best business move. The property is part of a modern multi-unit industrial estate and features a 196 sqm* showroom and warehouse floor with rear motorised roller door access. The first floor serves up an 88 sqm* open plan office with complete air conditioning, a kitchenette, and five on-site car spaces.

Youll be rubbing shoulders with anchor tenants like Amart, Bunnings and McDonalds all bringing in consistent clientele and activity. This pocket of Knoxfield is within arms reach of some of Melbournes major arterials like Eastlink, the Monash Freeway, Burwood Highway, and the Stud Road Highway making the commute to and from site seamless.

- 284 sqm* total building area.
- 196 sqm* showroom/warehouse.
- 188 sqm* first floor office.
- Rear roller door access.
- 5 on site car spaces.
- 2.5 km* from Eastlink.
- 3.6 km* from Burwood Highway.
- 8.5 km* from the Monash Highway.
- 5.6 km* from Ferntree Gully Railway Station.

POINT OF VIEW:
Theres a point of difference with being near major arterials it isnt just the ease of connection to the rest of the city but its the exposure that these bustling roads provide. Give them something to look at before the end of the year.

*Approx.
Pricing excludes GST

Property History for 7/1488 Ferntree Gully Rd, Knoxfield, VIC 3180

A timeline of how this property has performed in the market
Last Sold
$1,180,000
19 Apr 2024
Listed for Rent
$1.17k/w
04 Feb 2022
  • 19 Apr 2024
    Sold for $1,180,000
  • 18 Nov 2021
    Listed for Rent $61,000 / year
  • 17 Jan 2017
    Listed for Rent - Price not available
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About Knoxfield 3180

The size of Knoxfield is approximately 5.6 square kilometres. It has 16 parks covering nearly 18.6% of total area. The population of Knoxfield in 2011 was 7,140 people. By 2016 the population was 7,455 showing a population growth of 4.4% in the area during that time. The predominant age group in Knoxfield is 30-39 years. Households in Knoxfield are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Knoxfield work in a professional occupation. In 2011, 78.8% of the homes in Knoxfield were owner-occupied compared with 76% in 2016.

Knoxfield has 4,441 properties. Over the last 5 years, Houses in Knoxfield have seen a 15.48% increase in median value, while Units have seen a 14.70% increase. As at 31 October 2024:

  • The median value for Houses in Knoxfield is $996,620 while the median value for Units is $786,826.
  • Houses have a median rent of $580 while Units have a median rent of $570.
There are currently 19 properties listed for sale, and 10 properties listed for rent in Knoxfield on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Knoxfield.

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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.