209 Monbulk Rd, Silvan is a 1 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 705m2. While the property is not currently for sale or for rent, it was last sold in August 2017.
Currently the home of a well-known local piano gallery, this investment opportunity offers the best of both worlds. It currently comprises a front shop/showroom, a large open storeroom, office, kitchen and substantial workshop on a 704 sq m approx. block with ample car parking and double garage.
With a charming and prominent street frontage, the shop fa ade presents a quality building loaded with period features which are evident from the minute you arrive; beautiful cornicing and detailed roses atop 10-foot ceilings are just to name a few and will impress; whether it be guests, clients or the owners who step into this wonderful property.
The shop would be ideal for many businesses such as retail, hair dresser or salon, professional business services and the like. The opportunity to convert the rear of the building into a home subject to council approval would make this an astute investment where you could work from home.
The size of Silvan is approximately 30.1 square kilometres. It has 5 parks covering nearly 5.2% of total area. The population of Silvan in 2011 was 1,220 people. By 2016 the population was 1,254 showing a population growth of 2.8% in the area during that time. The predominant age group in Silvan is 40-49 years. Households in Silvan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Silvan work in a managers occupation. In 2011, 80.1% of the homes in Silvan were owner-occupied compared with 86.2% in 2016.
Silvan has 548 properties. Over the last 5 years, Houses in Silvan have seen a 62.53% increase in median value. As at 31 October 2024:
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