SOLD
Sold on 16 Oct 2023 for $2,800,000

3/56 Norcal Road
Nunawading VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12583m2
Sold By
CVA Property Consultants - Melbourne
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Property Details for 3/56 Norcal Rd, Nunawading

Building Type
Commercial
Land Size
12583m2
Local Government
Whitehorse
Lot/Plan
3/PS549456

Last Listing description (October 2023)

POINT OF INTEREST:
This modern industrial asset is on the market in more ways than one, piquing the interest of investors, owner-occupiers, and tenants who have eyed Norcal Roads ballooning popularity and diminishing openings. An impressive office /showroom spanning two levels, access to the warehouse via a container-height roller door with an internal height of approximately 7.5 m*. The ground floor also hosts a waiting area, a glass-partitioned boardroom, an extensive commercial-grade kitchen, a showroom, and male and female amenities. Level one offers a spacious and generously-light filled workspace area, with three partitioned offices included in the floorplan. Heating and cooling make a comfortable difference within the offices and showroom spaces, as do the 9 allocated car spaces afforded to this asset, along with the ample on street visitor parking. Arterial access and public transport are completely streamlined; its 3 minutes to Whitehorse Road, 950 m* to Springvale Road, 2 km* to the Eastlink, and 1 km* to Nunawading railway station.

- 709 sqm* total building area.
- 150 sqm* first-floor office area.
- 150 sqm* ground-floor showroom.
- Warehousing has an internal height of approximately 7.5 m*.
- 9 allocated car parks on-site plus shared visitor parking.
- Solar panels (30kw) on roof with 13kw battery.
- Coffee and lunch is a short stroll to the renown Mr Robertson Caf.
- 3 minutes* to Whitehorse Road.
- 950 m* to Springvale Road.
- 1 km* to Nunawading railway station.

POINT OF VIEW:
Whether youve made it your business to strengthen your portfolio with the Nunawading postcode, stack, shift, or display stock for more compelling client impressions, or simply want the modern blend of an industrial workplace your next financial year will strongly benefit from roots set here.

*Approx.
Pricing excludes GST

Property History for 3/56 Norcal Rd, Nunawading, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$2,800,000
16 Oct 2023
Listed for Rent
$124k/w
02 Oct 2023
  • 16 Oct 2023
    Sold for $2,800,000
  • 20 Jun 2023
    Listed for Rent $124,075 / year
  • 20 Jun 2023
    Listed for Sale $2,850,000
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About Nunawading 3131

The size of Nunawading is approximately 5.1 square kilometres. It has 23 parks covering nearly 4.1% of total area. The population of Nunawading in 2011 was 10,945 people. By 2016 the population was 11,863 showing a population growth of 8.4% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation. In 2011, 70.1% of the homes in Nunawading were owner-occupied compared with 68.1% in 2016.

Nunawading has 6,906 properties. Over the last 5 years, Houses in Nunawading have seen a 21.26% increase in median value, while Units have seen a 11.59% increase. As at 31 August 2024:

  • The median value for Houses in Nunawading is $1,142,272 while the median value for Units is $685,234.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 10 properties listed for sale, and 8 properties listed for rent in Nunawading on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Nunawading.

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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.