511-513 Main StreetMordialloc VIC 3195
Property Details for 511-513 Main St, Mordialloc
Last Listing description (September 2023)
Teska Carson is pleased to offer 511-513 Main Street, Mordialloc for Priavate Sale.
Situated in a tightly held bayside location between Woolworths and Aldi supermarket, well serviced by lifestyle amenity including Mordialloc Village shopping strip, Westfield Southland and Mordialloc Beach.
Key considerations for this rare opportunity are as follows:
- Two storey commercial building with frontage of 11 metres* to Main Street
- Combined income of $134,699.76 per annum net + GST
- Ground Floor leased to national tenant Fernwood Fitness on a 7-year lease with 3.5% annual increases
- First Floor leased to Vintique Tattoos on a 7-year lease with 4% annual increases
- Abutting Mordialloc Train Station and surrounded by public parking
Please call for further information or to arrange an inspection
*approx.
Property History for 511-513 Main St, Mordialloc, VIC 3195
- 18 Sep 2023Sold for $2,800,000
- 04 Aug 2023Listed for Sale Contact Agent
- 18 Jun 2021Listed for Rent - Price not available
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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.
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