SOLD
Sold on 09 Feb 2024 for $2,960,000

103 Lower Plenty Road
Rosanna VIC 3084

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 592m2
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Property Details for 103 Lower Plenty Rd, Rosanna

Building Type
Commercial
Land Size
592m2
Local Government
Banyule
Lot/Plan
1/TP234556

Last Listing description (November 2023)

Australia Post and Rosanna Pharmacy - One rare opportunity!

Positioned at the Gateway to Rosanna's Commercial Precinct, this substantial site offers two absolute first-class tenancies for an investor seeking a "set and forget" proposition.

103 Lower Plenty Road - Australia Post

- Three-year lease comm. July 2022 plus option
- Current rental $72,100 per annum plus GST and outgoings

107 Lower Plenty Road - Rosanna Pharmacy
- Five-year lease comm. September 2022 plus option
- Current rental $71,750 per annum plus GST and outgoings
- Annual rent reviews

Key features:
- Total land area: 592 sq. metres (approx.)
- Zoned Commercial 1
- Access via rear right of way and extensive public car park at side and rear
- Minutes' walk to Rosanna Railway Station
- Surrounding businesses include IGA Supermarket, Cafes, Restaurants, Bakers Delight, Chemist Warehouse, beauty salons and more
- Convenient access to major arterial roads
- A terrific opportunity for a commercial acquisition encompassing the best possible calibre of tenants

Terms: 10% Deposit Balance 60/90 Days

For further details or to inspect contact:
Paul Evans 0408 144 181
Mark Dixon 0423 395 699
Damian Wilson 0414 339 733

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Property History for 103 Lower Plenty Rd, Rosanna, VIC 3084

A timeline of how this property has performed in the market
Last Sold
$2,960,000
09 Feb 2024
  • 09 Feb 2024
    Sold for $2,960,000
  • 18 Oct 2023
    Listed for Sale $2,985,000
  • 04 Jul 1992
    Listed for Sale Not Disclosed
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About Rosanna 3084

The size of Rosanna is approximately 3.4 square kilometres. It has 11 parks covering nearly 8.8% of total area. The population of Rosanna in 2011 was 7,902 people. By 2016 the population was 8,489 showing a population growth of 7.4% in the area during that time. The predominant age group in Rosanna is 40-49 years. Households in Rosanna are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Rosanna work in a professional occupation. In 2011, 77.4% of the homes in Rosanna were owner-occupied compared with 75% in 2016.

Rosanna has 4,240 properties. Over the last 5 years, Houses in Rosanna have seen a 20.29% increase in median value, while Units have seen a 22.30% increase. As at 31 October 2024:

  • The median value for Houses in Rosanna is $1,280,305 while the median value for Units is $782,946.
  • Houses have a median rent of $643 while Units have a median rent of $560.
There are currently 3 properties listed for sale, and 1 property listed for rent in Rosanna on OnTheHouse. According to CoreLogic's data, 166 properties were sold in the past 12 months in Rosanna.

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