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Sold on 28 Jun 2024 - Price Unavailable

12/27-31 Duerdin Street
Notting Hill VIC 3168

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 110m2
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Property Details for 12/27-31 Duerdin St, Notting Hill

Building Type
Commercial
Floor Size
110m2
Local Government
Monash
Lot/Plan
19/PS742543

Last Listing description (June 2024)

This well-maintained office space in a prestigious business park offers modern functionality and essential amenities, making it an attractive investment for discerning investors and potential owners.

Key Property Features:
• Stable Income: Currently generating $48,053* plus outgoings plus GST

• Lease: A secure 3-year lease in place to June 2026
• Financial Growth: Annual 3.5% rental increases, bolstered by a 6-month security deposit
• Modern Workspace: Spacious 110m2* fully fitted office space, meticulously designed for efficiency
• Convenient Parking: 4 dedicated on-site parking spaces, complemented by ample visitor parking.
• Facilities: Well-equipped kitchenette and comprehensive amenities catering to the occupants' needs
• Natural Ambiance: Abundant natural light and a serene garden outlook enhance the workspace ambience
• Additional Perks: Exclusive access to a communal boardroom and the convenience of an on-site café
• Strategic Location: Monash University, Monash Medical Centre with effortless access to critical roads like the Monash M1 Freeway, Princes Highway, and Eastlink.

Embrace this rare chance to secure a prosperous future in real estate investments.

For all additional information, including contracts, information memorandums, and inspections.

For all inspections and information, please contact:
Will Jonas - 0422 883 011 or Ryan Trickey - 0400 380 438

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.

Property History for 12/27-31 Duerdin St, Notting Hill, VIC 3168

A timeline of how this property has performed in the market
Last Sold
28 Jun 2024
  • 28 Jun 2024
    Sold for $715,000
  • 15 Nov 2023
    Listed for Sale FOR SALE - CONTACT AGENT
  • 18 Aug 2021
    Sold for $725,000
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About Notting Hill 3168

The size of Notting Hill is approximately 1.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Notting Hill in 2011 was 2,161 people. By 2016 the population was 3,041 showing a population growth of 40.7% in the area during that time. The predominant age group in Notting Hill is 20-29 years. Households in Notting Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Notting Hill work in a professional occupation. In 2011, 50.8% of the homes in Notting Hill were owner-occupied compared with 41% in 2016.

Notting Hill has 2,211 properties. Over the last 5 years, Houses in Notting Hill have seen a 10.03% increase in median value, while Units have seen a 0.98% increase. As at 31 October 2024:

  • The median value for Houses in Notting Hill is $1,242,326 while the median value for Units is $376,467.
  • Houses have a median rent of $575 while Units have a median rent of $535.
There are currently 8 properties listed for sale, and 14 properties listed for rent in Notting hill on OnTheHouse. According to CoreLogic's data, 80 properties were sold in the past 12 months in Notting hill.

Suburb Insights for Notting Hill 3168

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Contact agent
Ryan Trickey
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Will Jonas
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RWC Glen Waverley
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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.