89A Atherton RoadOakleigh VIC 3166
Property Details for 89a Atherton Rd, Oakleigh
Last Listing description (November 2023)
Gross Waddell ICR is pleased to offer for sale via auction 89a Atherton Road, Oakleigh. The property is positioned on the ground floor of Alke Apartments, developed by Pellicano situated within the heart of Oakleigh.
Key property highlights include:
Brand new 12 year lease (plus 1 further option of 5 years)
Leased to established caf operator Short Straw Caf
Rental: $60,000* p.a.
Strong annual 4% increases, market review at option
Lettable area: 140sqm*, including private courtyard and amenities plus outdoor customer seating out the front and side of the property
2 undercover car parks on title
Located on the ground floor of Alke Apartments comprising of 83 high end apartments
Within close proximity to Eton Mall, Oakleigh Train Station and Oakleigh Central Shopping Centre
89a Atherton Road, Oakleigh is for sale via Auction on Tuesday 5th December from 11am at Leonda By The Yarra, Hawthorn.
For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property History for 89a Atherton Rd, Oakleigh, VIC 3166
- 23 Feb 2024Sold for $1,035,000
- 10 Nov 2023Listed for Sale Contact Agent
- 18 Nov 2021Listed for Sale CONTACT AGENT
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About Oakleigh 3166
The size of Oakleigh is approximately 3.5 square kilometres. It has 11 parks covering nearly 10.8% of total area. The population of Oakleigh in 2011 was 7,534 people. By 2016 the population was 7,891 showing a population growth of 4.7% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation. In 2011, 67.3% of the homes in Oakleigh were owner-occupied compared with 64.4% in 2016.
Oakleigh has 5,454 properties. Over the last 5 years, Houses in Oakleigh have seen a 14.57% increase in median value, while Units have seen a -1.09% decrease. As at 31 October 2024:
- The median value for Houses in Oakleigh is $1,284,232 while the median value for Units is $600,636.
- Houses have a median rent of $650 while Units have a median rent of $580.
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