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

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 4,219 properties. Over the last 5 years, Houses in Rosanna have seen a 33.59% increase in median value, while Units have seen a 21.03% increase. As at 31 August 2024:

  • The median value for Houses in Rosanna is $1,355,186 while the median value for Units is $783,465.
  • Houses have a median rent of $620 while Units have a median rent of $560.
There are currently 6 properties listed for sale, and 5 properties listed for rent in Rosanna on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Rosanna.

Suburb Insights for Rosanna 3084

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.