169 Shoreham RoadRed Hill South VIC 3937
Property Details for 169 Shoreham Rd, Red Hill South
Last Listing description (June 2021)
Expression of Interest
closing Tuesday, 29TH June 2021 @ 4pm
An iconic set of premises encompassing all the best of Red Hill life, this substantial property offers the chance to make your mark in the heart of wine-country and at the gateway to the peninsula. The most significant parcel of land in the ever-evolving Red Hill Village Shopping Centre precinct, this approx. 3,856sqm site holds a landmark group of premises. Two are under the Red Hill Trading Company banner and are offered with vacant possession, the third is currently tenanted as the Red Hill House homewares store.
Hardware store: brick shopfront & warehouse (approx 439sqm)
Agriculture supply premises: concrete-constructed premises (approx 758sqm).
Retail shopfront; approx. 75sqm brick shop leased at $18,500pa+ in place until 2024
Uniquely scaled & positioned to service local residential, agricultural & viticulture businesses
Access to local clientele interested in good food, great venues & creative hospitality
One hour via new freeways from the CBD
At the crossroads of Red Hills agricultural district, the Peninsulas resort towns, & the Frankston-to-Dromana population hubs.
Service the agricultural community in immensely functional premises or create a new hospitality, retail or entertainment destination in this heart-of-Red Hill location.
Get to work, develop the dream, taste the good life today or cellar it until the time is right. This vintage property with satisfy a taste for potential!
For further information or to arrange an inspection, please contact our office.
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
Property History for 169 Shoreham Rd, Red Hill South, VIC 3937
- 05 Jul 2021Sold for $4,100,000
- 07 May 2021Listed for Sale Price on Application
- 10 Jul 1991Sold for $150,000
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About 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 460 properties. Over the last 5 years, Houses in Red Hill South have seen a 37.82% increase in median value, while Units have seen a -25.34% decrease. As at 31 August 2024:
- The median value for Houses in Red Hill South is $2,533,833 while the median value for Units is $1,353,012.
- Houses have a median rent of $672.
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