OFF MARKET

63 Glen Eira Road
Ripponlea VIC 3185

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 130m2
Land area: 186m2
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Property Details for 63 Glen Eira Rd, Ripponlea

Building Type
Commercial
Floor Size
130m2
Land Size
186m2
Local Government
Port Phillip
Lot/Plan
4/LP40324

Last Listing description (July 2022)

Gross Waddell ICR is pleased to offer 63 Glen Eira Road, Ripponlea. In this tightly held precinct which offers a vibrant shopping/ service strip which is strongly supported by the local residents.

This kind of opportunity does not come along too often so here's your chance to hit the ground running. This premises provides a serviced restaurant premises ready for your touches. You'll be saving big $ on set up with this property.

Note: The Owner is seeking an experienced party with good restaurant credentials.

Key Features Include:
Ground Floor: 143m2*
Full Kitchen area serviced with gas lines, hand basins, sinks ready for your equipment
WI refrigeration
Existing flue/canopy x 2
Grease trap
Bar/front of house service
DDA compliant toilet plus additional M&F
Rear laneway access

*Denotes Approx*

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Property History for 63 Glen Eira Rd, Ripponlea, VIC 3185

A timeline of how this property has performed in the market
Last Sold
$737,000
04 Dec 2006
Listed for Rent
$1.04k/w
19 Jul 2022
  • 15 Dec 2021
    Listed for Rent - Price not available
  • 19 Sep 2007
    Listed for Rent - Price not available
  • 04 Dec 2006
    Sold for $737,000
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About Ripponlea 3185

The size of Ripponlea is approximately 0.3 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Ripponlea in 2011 was 1,477 people. By 2016 the population was 1,572 showing a population growth of 6.4% in the area during that time. The predominant age group in Ripponlea is 20-29 years. Households in Ripponlea are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Ripponlea work in a professional occupation. In 2011, 43.4% of the homes in Ripponlea were owner-occupied compared with 43.6% in 2016.

Ripponlea has 929 properties. Over the last 5 years, Houses in Ripponlea have seen a 24.12% increase in median value, while Units have seen a 4.90% increase. As at 31 August 2024:

  • The median value for Houses in Ripponlea is $1,925,581 while the median value for Units is $581,178.
  • Houses have a median rent of $850 while Units have a median rent of $500.
There are currently 5 properties listed for sale, and 1 property listed for rent in Ripponlea on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Ripponlea.

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