SOLD
Sold on 04 Jun 2024 for $790,000

1/76 Station Street
Somerville VIC 3912

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 210m2
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Property Details for 1/76 Station St, Somerville

Building Type
Commercial
Land Size
210m2
Local Government
Mornington Peninsula
Lot/Plan
2/PS718916

Last Listing description (November 2023)

Located on Station Street, your business will be situated amongst an excellent profile of tenancy mixes ranging from professional services to retail and hospitality.

The tidy first-floor office is ready to go with air-conditioning and partitions. With only a short walk to Eramosa Road East shops or the Plaza shopping centre on Eramosa Road West, the office is in the perfect location for professionals looking to move out of the home office or first-time business to make the leap.

Key features include:

* Rental $15,000 p.a. + GST + Outgoings
* 76sqm* office
* Prominent signage opportunity
* Air-conditioning
* Great natural lighting
* Existing partitions
* Common amenities

For further information or to arrange an inspection, please contact:

Linda Ellis
Thomas Gordon

PLEASE NOTE:

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

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Property History for 1/76 Station St, Somerville, VIC 3912

A timeline of how this property has performed in the market
Last Sold
$790,000
04 Jun 2024
Listed for Rent
$10k/w
16 Nov 2023
  • 04 Jun 2024
    Sold for $790,000
  • 16 Jun 2023
    Listed for Rent $10,000 / year
  • 06 Dec 2013
    Sold for $220,000

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About Somerville 3912

The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2011 was 10,730 people. By 2016 the population was 11,340 showing a population growth of 5.7% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation. In 2011, 78.2% of the homes in Somerville were owner-occupied compared with 77.3% in 2016.

Somerville has 5,798 properties. Over the last 5 years, Houses in Somerville have seen a 34.64% increase in median value, while Units have seen a 31.63% increase. As at 30 November 2024:

  • The median value for Houses in Somerville is $841,122 while the median value for Units is $577,067.
  • Houses have a median rent of $580 while Units have a median rent of $500.
There are currently 40 properties listed for sale, and 2 properties listed for rent in Somerville on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Somerville.

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