115 Main Neerim RoadNeerim South VIC 3831
Property Details for 115 Main Neerim Rd, Neerim South
Last Listing description (April 2024)
Appealing Freehold property situated on the crest of Main Neerim Road and Wagner Road offers a very prominent presence on a large site in this popular township approx 20 mins from Warragul and Drouin and 1/12 from Melbourne CBD.
3 Tenants include Thrifty-Link Hardware/Garden Supplies/Sand & Soil, Biggin & Scott Real Estate/Neerim Legal and Misty Hills Cafe have secure leases and return approx. $65,000 per annum. There is further scope to lease out separate office space upstairs comprising 2 offices and a landing.
The buildings are well maintained, offer a Heritage facade, undercover street veranda, Sandstone block work bricks and metal roof.
Neerim South's Commercial precinct is not expected to expand outside the current confines of the Baw Baw Shire township plan which makes this larger site an important and valuable asset for the future.
Property History for 115 Main Neerim Rd, Neerim South, VIC 3831
- 26 Apr 2024Listed for Sale Not Disclosed
- 19 Dec 2019Listed for Sale $1,100,000 - $1,200,000
- 27 May 2019Listed for Sale $1,200,000
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About Neerim South 3831
The size of Neerim South is approximately 63.9 square kilometres. It has 9 parks covering nearly 1.3% of total area. The population of Neerim South in 2011 was 1,193 people. By 2016 the population was 1,302 showing a population growth of 9.1% in the area during that time. The predominant age group in Neerim South is 50-59 years. Households in Neerim South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Neerim South work in a professional occupation. In 2011, 81.5% of the homes in Neerim South were owner-occupied compared with 82.9% in 2016.
Neerim South has 969 properties. Over the last 5 years, Houses in Neerim South have seen a 49.53% increase in median value, while Units have seen a 56.84% increase. As at 31 October 2024:
- The median value for Houses in Neerim South is $642,961 while the median value for Units is $494,721.
- Houses have a median rent of $490.
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