999 Nepean HighwayMoorabbin VIC 3189
Property Details for Lot 310/999 Nepean Hwy, Moorabbin
Last Listing description (July 2021)
Colliers International are pleased to offer for sale, this exceptional, fully-leased office investment located at Ground 03, 999 Nepean Highway, Moorabbin. This outstanding office opportunity benefits from a brand new four (4) year lease to Arcare, aged care providers operating over 35 retirement/aged care villages across the country.
Key Investment Highlights
- Ground floor, light filled and modern office accommodation comprising 145sqm approx
- Brand-new four (4) year lease returning $49,600 per annum with strong 3% rental increases
- Four (4) car spaces on title
- Located within boutique strata office building and surrounded by similar medical type operators
- Extremely well serviced with Nepean Highway on your doorstep and Moorabbin Station only metres away
- Passive investment leased to successful aged care provider offering extremely strong returns in excess of 6% annually
For more information on this opportunity please contact Colliers International
*Approx.
Property History for Lot 310/999 Nepean Hwy, Moorabbin, VIC 3189
- 27 Feb 2024Sold for $730,000
- 16 Dec 2019Sold for $650,000
- 31 Aug 2018Listed for Sale Contact Agent
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About 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 5,527 properties. Over the last 5 years, Houses in Moorabbin have seen a 16.42% increase in median value, while Units have seen a 13.57% increase. As at 31 October 2024:
- The median value for Houses in Moorabbin is $1,232,499 while the median value for Units is $751,861.
- Houses have a median rent of $650 while Units have a median rent of $590.
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