1175 Mornington-Flinders RoadRed Hill VIC 3937
Property Details for 1175 Mornington-Flinders Rd, Red Hill
Last Listing description (July 2015)
An outstanding opportunity for an experienced food operator to set up their own Cafe alongside a well-known Art Gallery.
Approx 160sqm including outdoor decking, rest rooms on site and ample parking. Kitchen fit out will be required.
Long lease terms will be offered to the right operator.
Inspections by appointment only.
Property History for 1175 Mornington-Flinders Rd, Red Hill, VIC 3937
- 05 Dec 2018Sold for $2,209,000
- 23 Apr 2015Listed for Rent $48,000 / year
- 09 Feb 2015Sold for $1,100,000
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0About Red Hill 3937
The size of Red Hill is approximately 23.5 square kilometres. It has 6 parks covering nearly 3.8% of total area. The population of Red Hill in 2011 was 734 people. By 2016 the population was 915 showing a population growth of 24.7% in the area during that time. The predominant age group in Red Hill is 60-69 years. Households in Red Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 82.8% of the homes in Red Hill were owner-occupied compared with 81.7% in 2016.
Red Hill has 628 properties. Over the last 5 years, Houses in Red Hill have seen a 11.56% increase in median value, while Units have seen a 51.50% increase. As at 31 October 2024:
- The median value for Houses in Red Hill is $2,612,658 while the median value for Units is $1,892,659.
- Houses have a median rent of $780.
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