SOLD
Sold on 15 Nov 2023 for $2,300,000

723-725 Whitehorse Road
Mont Albert VIC 3127

Bedrooms: 2
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 547m2
Sold By
Matthew Feld
Teska & Carson
Stephen Speck
Teska & Carson
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Property Details for 723-725 Whitehorse Rd, Mont Albert

Building Type
Commercial
Floor Size
400m2
Land Size
547m2
Local Government
Whitehorse
Lot/Plan
7/LP2664

Last Listing description (November 2023)

Teska Carson is pleased to offer 723-725 Whitehorse Road, Mont Albert for sale by Public Auction on Wednesday 15 November at 12noon on-site.

This is an outstanding opportunity for owner occupiers, investors and developers to secure this rarely offered main road opportunity.

Key highlights include:

- Substantial clearspan showroom and warehouse of 410sqm with roller door access and on site parking

- Landholding of some 547sqm with over 13 metre frontage to Whitehorse Road and rear access

- Mixed Use Zoning (MUZ) provides multiple future development possibilities

- Located at the gateway to Melbournes second city Box Hill, an area thriving from significant development and infrastructure investment both completed and planned including Vicinity Centres $2b revitalisation project and the Victoria Government's Big Build rail loop project.

For further information, please contact the listed agents.

Property History for 723-725 Whitehorse Rd, Mont Albert, VIC 3127

A timeline of how this property has performed in the market
Last Sold
$2,300,000
15 Nov 2023
Listed for Rent
$79k/w
02 Oct 2023
  • 15 Nov 2023
    Sold for $2,300,000
  • 10 Oct 2023
    Listed for Sale Contact Agent
  • 30 Jun 2023
    Listed for Rent - Price not available
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About Mont Albert 3127

The size of Mont Albert is approximately 1.7 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Mont Albert in 2011 was 4,954 people. By 2016 the population was 4,854 showing a population decline of 2.0% in the area during that time. The predominant age group in Mont Albert is 40-49 years. Households in Mont Albert are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mont Albert work in a professional occupation. In 2011, 71.4% of the homes in Mont Albert were owner-occupied compared with 70% in 2016.

Mont Albert has 2,789 properties. Over the last 5 years, Houses in Mont Albert have seen a 17.86% increase in median value, while Units have seen a 12.22% increase. As at 30 September 2024:

  • The median value for Houses in Mont Albert is $2,363,799 while the median value for Units is $813,969.
  • Houses have a median rent of $775 while Units have a median rent of $575.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Mont albert on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Mont albert.

Suburb Insights for Mont Albert 3127

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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.