137 Shoreham RoadRed Hill South VIC 3937
Property Details for 137 Shoreham Rd, Red Hill South
Last Listing description (November 2024)
Red Hill Village Shopping Centre is being offered for sale with 7 individually titled and leased shops being sold as one.
Unlock a lucrative investment opportunity with this recently fully refurbished centre, featuring prime tenants secured under long-term leases. With a strong rental history and high demand in the area, this property promises not just stability but significant growth potential.
The property occupies a central location among wineries and boutique accommodation with numerous produce-based tourism and hospitality venues nearby.
This boutique and tightly held location is zoned C1Z, and there is on-site parking accessible from both Shoreham Road and Baynes Road
Additional notes;
Total gross income over $250,000* plus GST annually.
Net income $170,781* plus GST and outgoings annually.
Land tax (single holding basis): estimated less than $225* pet lot per annum.
Depreciation allowances: available if applicable.
Land size: 1680m2 (approx.)
Building area: 576m2 (approx.)
*estimates
Property History for 137 Shoreham Rd, Red Hill South, VIC 3937
- 26 Sep 2024Listed for Sale Contact Agent
- 14 Jul 2024Listed for Rent - Price not available
- 30 Mar 2023Listed for Sale Sold
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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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