SOLD
Sold on 18 Oct 2024 for $520,000

402 Ferntree Gully Road
Notting Hill VIC 3168

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 85m2
Land area: 107m2
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Property Details for 402 Ferntree Gully Rd, Notting Hill

Building Type
Commercial
Floor Size
85m2
Land Size
107m2
Local Government
Monash
Lot/Plan
1/LP80416

Last Listing description (June 2023)

Ray White Commercial Oakleigh are please to present for Lease this fabulous property 402 Ferntree Gully Road. Located on the corner of Ferntree Gully and Blackburn Road offering good exposure and signage opportunity.

With high exposure and rear laneway access, this location will ensure a good start to any business's success.

Features include:

Total building area | 85m2*
Large open plan retail area with carpeted rear office
Prominent & busy corner location - Large volumes of passing traffic!
Rear access
On site car parking for two (2) cars
Kitchenette
Suitable for a variety of uses (STCA)
Close proximity to Monash Freeway (M1), Princes Highway & Springvale Road
Commercial 1 Zoning (C1Z)
Available June 2023

$25,000 per annum + Outgoings

For further information or to arrange an inspection please contact one of the exclusive marketing agents below:

George Kelepouris | 0425 798 677
George Ganavas | 0476 634 562

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

Property History for 402 Ferntree Gully Rd, Notting Hill, VIC 3168

A timeline of how this property has performed in the market
Last Sold
$520,000
18 Oct 2024
Listed for Rent
$479/w
29 Mar 2023
  • 18 Oct 2024
    Sold for $520,000
  • 06 Jun 2023
    Listed for Sale Not Disclosed
  • 22 Mar 2023
    Listed for Rent $25,000 / year
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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 2,224 properties. Over the last 5 years, Houses in Notting Hill have seen a -3.46% decrease in median value, while Units have seen a -6.85% decrease. As at 30 November 2024:

  • The median value for Houses in Notting Hill is $1,215,468 while the median value for Units is $365,081.
  • Houses have a median rent of $575 while Units have a median rent of $550.
There are currently 5 properties listed for sale, and 13 properties listed for rent in Notting hill on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Notting hill.

Suburb Insights for Notting Hill 3168

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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.