536 Whitehorse RoadMitcham VIC 3132
Property Details for 536 Whitehorse Rd, Mitcham
Last Listing description (May 2024)
RWC Diston Asset Services proudly presents this rare opportunity for an astute investor to purchase a prized investment with "Wilby's Compounding Pharmacy" as your tenant.
Pharmaceutical investments of this calibre are few and far between with a quality tenant fitout including retail trade area, laboratory and extensive level 1 offices.
The property features:
• Land area | 233sqm approximately
• Building area | 358sqm approximately
• Rental return | $84,800 pa net
• Lease term | Three (3) years
• Options through to 2031
• CPI reviews | Annually
• Zoning | Commercial 1
• Prime exposure and street parking
• Rear laneway access and secure car parking
Outstanding central location with service lane fronting Whitehorse Road as well as Mitcham Road intersection with excellent exposure and high volume foot traffic.
Mitcham train station and bus services are at the door step.
Property History for 536 Whitehorse Rd, Mitcham, VIC 3132
- 09 May 2024Sold for $1,600,000
- 19 Mar 2024Listed for Sale For Sale
- 18 Feb 2019Listed for Rent - Price not available
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0About Mitcham 3132
The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of total area. The population of Mitcham in 2011 was 14,812 people. By 2016 the population was 16,136 showing a population growth of 8.9% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation. In 2011, 73.1% of the homes in Mitcham were owner-occupied compared with 69.8% in 2016.
Mitcham has 9,245 properties. Over the last 5 years, Houses in Mitcham have seen a 16.56% increase in median value, while Units have seen a 18.91% increase. As at 31 October 2024:
- The median value for Houses in Mitcham is $1,169,075 while the median value for Units is $790,437.
- Houses have a median rent of $600 while Units have a median rent of $530.
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