66 Mount Eliza WayMount Eliza VIC 3930
Property Details for 66 Mount Eliza Way, Mount Eliza
Last Listing description (October 2023)
Stonebridge Property Group is pleased to present for sale 66-70 Mount Eliza Way, Mount Eliza.
The key highlights of the opportunity include:
- AAA+ Mt Eliza Village freehold with versatile lease structures and untapped value-add potential through repositioning, retail activation or development (STCA)
- Comprising 3 prime retail shops, all of which are on flexible leases, allowing for short term value add possibilities
- Unrivalled fundamentals include 15 m* of Mt Eliza Way street exposure, highly accessible rear lane access & significant surplus land (utilised as car parking)
- 515 sqm* of underutilised C1Z land & surrounding height precedent provides scope for exciting mixed use development outcomes (STCA)
- Direct exposure to a pedestrian crossing and the benefit of ultra-wide footpaths provides ideal trading conditions for retail, hospitality & services businesses
- Mount Eliza Way is the retail backbone of Mount Eliza - an affluent Mornington Peninsula suburb with a median house price of $1,700,000
- Well located only 75 m* from major supermarket Woolworths, and within walking distance to a number of other non-discretionary retailers (IGA & Australia Post)
66-70 Mount Eliza Way, Mount Eliza is offered for sale via Public On-Site Auction Friday 1st December 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
Rorey James
0439 400 081
*Approximately
Property Code: 798
Property History for 66 Mount Eliza Way, Mount Eliza, VIC 3930
- 01 Dec 2023Sold for $2,250,000
- 27 Oct 2023Listed for Sale Contact the Stonebridge Team
- 10 Mar 1988Sold for $500,000
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0About Mount Eliza 3930
The size of Mount Eliza is approximately 23.4 square kilometres. It has 46 parks covering nearly 8.9% of total area. The population of Mount Eliza in 2011 was 17,247 people. By 2016 the population was 17,885 showing a population growth of 3.7% in the area during that time. The predominant age group in Mount Eliza is 40-49 years. Households in Mount Eliza are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Eliza work in a professional occupation. In 2011, 88.4% of the homes in Mount Eliza were owner-occupied compared with 88% in 2016.
Mount Eliza has 7,849 properties. Over the last 5 years, Houses in Mount Eliza have seen a 31.91% increase in median value, while Units have seen a 23.04% increase. As at 31 October 2024:
- The median value for Houses in Mount Eliza is $1,593,482 while the median value for Units is $754,623.
- Houses have a median rent of $900 while Units have a median rent of $540.
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