SOLD
Sold on 04 Dec 2023 for $605,000

2/237 Boundary Road
Mordialloc VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: 5
Land area: 222m2
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Sold By
Adrian Garvey
Nichols Crowder Property Moorabbin
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Property Details for 2/237 Boundary Rd, Mordialloc

Building Type
Commercial
Land Size
222m2
Local Government
Kingston
Lot/Plan
2/PS837586

Last Listing description (November 2023)

Nichols Crowder presents this first class showroom/warehouse to the market For Sale by Public Auction on Thursday 30th of November at 12pm on site.

With a brand new five (5) year lease providing strong rental growth, excellent security and options for further terms, this high exposure offering also provides both street presence and direct access from Boundary Road meaning not easily replaced.

Key features include:

* Rental: $29,000 per annum + GST
* Brand new five (5) year lease
* Strong fixed annual increases
* Security deposit and directors guarantees
* Total building area: 204sqm*
* Warehouse area: 151sqm*
* Mezzanine area: 53sqm*
* Single roller shutter door
* LED lighting
* Kitchenette
* Reception area
* Great natural light
* Five (5) car parks

For further details or to arrange an inspection please contact:

Adrian Garvey 0419 549 951

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.

OPEN FOR INSPECTION:

Wednesday 15th November: 11am - 11:30am
Wednesday 22nd November: 11am - 11:30am
Wednesday 29th November: 11am - 11:30am

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Property History for 2/237 Boundary Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$605,000
04 Dec 2023
  • 04 Dec 2023
    Sold for $605,000
  • 09 Nov 2023
    Listed for Sale Contact Agent
  • 07 Dec 2020
    Sold for $577,500

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About Mordialloc 3195

The size of Mordialloc is approximately 4.4 square kilometres. It has 18 parks covering nearly 24.6% of total area. The population of Mordialloc in 2011 was 7,536 people. By 2016 the population was 8,160 showing a population growth of 8.3% in the area during that time. The predominant age group in Mordialloc is 40-49 years. Households in Mordialloc are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mordialloc work in a professional occupation. In 2011, 67.7% of the homes in Mordialloc were owner-occupied compared with 66.2% in 2016.

Mordialloc has 5,501 properties. Over the last 5 years, Houses in Mordialloc have seen a 21.15% increase in median value, while Units have seen a 14.23% increase. As at 30 September 2024:

  • The median value for Houses in Mordialloc is $1,347,537 while the median value for Units is $715,810.
  • Houses have a median rent of $700 while Units have a median rent of $538.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Mordialloc on OnTheHouse. According to CoreLogic's data, 243 properties were sold in the past 12 months in Mordialloc.

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