G09/999 Nepean HighwayMoorabbin VIC 3189
Property Details for G09/999 Nepean Hwy, Moorabbin
Last Listing description (October 2023)
Nichols Crowder is delighted to present to the market this high quality, ground level office suite which is located in the heart of the Moorabbin retail precinct.
Securely leased to a tenant in the health/medical industry, on a long term lease, this is a highly affordable investment in a growth suburb, Moorabbin.
Situated on Nepean Highway adjoining Moorabbin train station and surrounded by popular retail amenities, this modern and high-profile office is now available for sale, presenting a golden investment opportunity.
Key investment highlights:
* Brand new 3 + 3 + 3 year lease
* Unbreakable Physiotherapy - tenant
* Returning a solid rental income of $42,000pa + GST + outgoings
* Fixed annual 4% rental increases
* Stunning and new office fit out completed by the tenant
* Secure parking: five (5) secure basement car spaces, providing convenience and peace of mind for tenants and clients.
* Additional storage: large storage cage, catering to businesses with storage requirements and adding value to the property.
* Prominent building: located in a prominent Moorabbin office building, adding prestige to your investment
This property offers a rare opportunity for investors looking for a secure, hassle-free investment with a promising rental income. Don't miss out on this chance to own a valuable piece of real estate in a thriving business hub.
For further details or to arrange an inspection, please contact:
Julian Vautin 0420 406 660
Johnathon Aikins 0488 959 854
PLEASE NOTE:
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for G09/999 Nepean Hwy, Moorabbin, VIC 3189
- 24 Apr 2023Listed for Sale $750,000 ex GST
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0About Moorabbin 3189
The size of Moorabbin is approximately 4.6 square kilometres. It has 5 parks covering nearly 4.2% of total area. The population of Moorabbin in 2011 was 5,282 people. By 2016 the population was 5,897 showing a population growth of 11.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation. In 2011, 74.3% of the homes in Moorabbin were owner-occupied compared with 68.8% in 2016.
Moorabbin has 5,556 properties. Over the last 5 years, Houses in Moorabbin have seen a 9.32% increase in median value, while Units have seen a 7.90% increase. As at 30 November 2024:
- The median value for Houses in Moorabbin is $1,194,946 while the median value for Units is $729,090.
- Houses have a median rent of $655 while Units have a median rent of $580.
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