SOLD
Sold on 24 Sep 2024 for $592,500

10-12 Main Road
Monbulk VIC 3793

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 663m2
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Kallista Real Estate
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Property Details for 10-12 Main Rd, Monbulk

Building Type
Commercial
Land Size
663m2
Local Government
Yarra Ranges
Lot/Plan
5/LP40455

Last Listing description (October 2024)

Situated at the Top end of town this Blue-Chip Commercial freehold in 2 separate titles offers you future security and growth with a handsome monthly income.
A total of 632 m2 of land area with a 14 m frontage to Main Road and a rear lane way access its stacked with potential for future development. Services include: Mains Water and Power Connected. Mains Gas & Sewer ready to be connected.
The huge Steel and Corrugated Iron Shed approximately 144.5m2 in area has the potential to be extended (STCA).

Currently leased to Monbulk Tyres an established business servicing the Dandenong Ranges for over a decade returning $2032.48 PCM with fixed 5% annual increases + Outgoings. Leased to 2026.
Arguably the best Commercial offering in the Dandenongs secure your future and add this Blue-Chip property to help fund your retirement.
Terms of Sale: 10% Deposit of the purchase price on signing Formal Contracts. Settlement 30 /60 days.
Make your enquiries to Joseph Licciardi Kallista real estate 0418 509 722 now.

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Property History for 10-12 Main Rd, Monbulk, VIC 3793

A timeline of how this property has performed in the market
Last Sold
$592,500
24 Sep 2024
  • 24 Sep 2024
    Sold for $592,500
  • 10 Jun 2023
    Listed for Sale Not Disclosed

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About Monbulk 3793

The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2011 was 3,456 people. By 2016 the population was 3,583 showing a population growth of 3.7% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation. In 2011, 81.4% of the homes in Monbulk were owner-occupied compared with 79.4% in 2016.

Monbulk has 1,655 properties. Over the last 5 years, Houses in Monbulk have seen a 24.07% increase in median value, while Units have seen a 22.40% increase. As at 30 November 2024:

  • The median value for Houses in Monbulk is $861,882 while the median value for Units is $644,397.
  • Houses have a median rent of $695 while Units have a median rent of $5,280.
There are currently 10 properties listed for sale, and 1 property listed for rent in Monbulk on OnTheHouse. According to CoreLogic's data, 49 properties were sold in the past 12 months in Monbulk.

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