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Sold on 19 Oct 2023 - Price Unavailable

37-38 Douglas Street
Noble Park VIC 3174

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 159m2
Land area: 777m2
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Property Details for 37-38 Douglas St, Noble Park

Building Type
Commercial
Floor Size
159m2
Land Size
777m2
Local Government
Greater Dandenong
Lot/Plan
66/LP6156

Last Listing description (October 2023)

Originally built as two shops on a lot of approximately 777m2 in the early development of Noble Park it has altered little over the years. At a time in the past both shops were combined by the removal of a small section of internal wall at the front of the building to utilise all the 159m2 of floor space. At the rear of the building is a large open space accessible from Buckleys Lane that provides plenty of room for staff parking, loading, and unloading goods, additional storage facilities or commercial development, STCA, etc.
The prosperous Noble Park shopping centre has recently been enhanced with the overhead railway upgrade and additional connecting roads providing greater and simpler access to multiple businesses on both sides of the railway line.

Leased at $3687.30/m, lease renewed in Feb 2023 for an additional 3 years.
O/G's not more than $10,000 pa.

Property History for 37-38 Douglas St, Noble Park, VIC 3174

A timeline of how this property has performed in the market
Last Sold
19 Oct 2023
  • 16 Oct 2023
    Sold for $1,925,000
  • 09 Jun 2023
    Listed for Sale Under Contract
  • 21 May 2010
    Sold for $1,250,000
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About Noble Park 3174

The size of Noble Park is approximately 8.6 square kilometres. It has 22 parks covering nearly 6% of total area. The population of Noble Park in 2011 was 28,377 people. By 2016 the population was 31,032 showing a population growth of 9.4% in the area during that time. The predominant age group in Noble Park is 20-29 years. Households in Noble Park are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Noble Park work in a labourer occupation. In 2011, 58.3% of the homes in Noble Park were owner-occupied compared with 54.9% in 2016.

Noble Park has 15,249 properties. Over the last 5 years, Houses in Noble Park have seen a 26.01% increase in median value, while Units have seen a 12.92% increase. As at 30 September 2024:

  • The median value for Houses in Noble Park is $785,469 while the median value for Units is $500,703.
  • Houses have a median rent of $525 while Units have a median rent of $480.
There are currently 80 properties listed for sale, and 21 properties listed for rent in Noble park on OnTheHouse. According to CoreLogic's data, 558 properties were sold in the past 12 months in Noble park.

Suburb Insights for Noble Park 3174

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Theresa Huynh
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Bon Ta
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CENTURY 21 Theresa Huynh
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.