1/137 Shoreham RoadRed Hill South VIC 3937
Property Details for 1/137 Shoreham Rd, Red Hill South
Last Listing description (January 2020)
Phone enquiry code for this property: 1880
Take over existing lease in an established and affluent shopping precinct frequented by the Mornington Peninsula local community and with a thriving tourism trade over weekends and holiday periods.
Total area approx 160sqm.
This includes a separate 42sqm office currently sublet on a month-by-month tenancy by an interior design consultancy paying approx $1500/month plus GST.
Main space of 118sqm is $2420/month plus GST. This includes common area outgoings. Council rates approx $425 per quarter.
Continue as two areas with existing sub-tenant (subject to your negotiations) or easily combine into one large space of 160sqm.
Also access to large common area deck space adjacent to the space.
Existing lease runs to February 2020 and has an additional 5-year option. Take this lease over now on a date to be agreed and on applicant approval by landlord.
Suits a variety of uses: retail, office space, professional suites, etc.
Phone enquiry code for this property: 1880
Property History for 1/137 Shoreham Rd, Red Hill South, VIC 3937
- 21 Apr 2023Sold for $350,000
- 03 Apr 2019Listed for Rent $29,040 / year
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0About Red Hill South 3937
The size of Red Hill South is approximately 15.2 square kilometres. It has 5 parks covering nearly 1.8% of total area. The population of Red Hill South in 2011 was 1,171 people. By 2016 the population was 614 showing a population decline of 47.6% in the area during that time. The predominant age group in Red Hill South is 50-59 years. Households in Red Hill South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Red Hill South work in a professional occupation. In 2011, 84.1% of the homes in Red Hill South were owner-occupied compared with 91.5% in 2016.
Red Hill South has 457 properties. Over the last 5 years, Houses in Red Hill South have seen a 40.77% increase in median value, while Units have seen a 182.74% increase. As at 31 October 2024:
- The median value for Houses in Red Hill South is $1,894,682 while the median value for Units is $1,933,949.
- Houses have a median rent of $672.
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