29B Vernon StreetSouth Kingsville VIC 3015
Property Details for 29b Vernon St, South Kingsville
29b Vernon St, South Kingsville is a 2 bedroom, 1 bathroom House. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom House sold in South Kingsville in the last 12 months.
Last Listing description (March 2024)
Welcome to 29B Vernon Street, South Kingsville – a prime commercial opportunity with a superb residence to the rear, boasting its own private access.
The front of the property presents a versatile gallery/retail space, perfectly suited for showcasing your creative endeavors or establishing your retail business. With a potential rental income of approx $550 per week ($28,600 per annum), you'll find a thoughtfully designed interior featuring wall-mounted storage drawers, a reception desk, an excellent kitchenette/storage room, and a dedicated office area – catering to your business needs with ease.
The commercial shop area can be accessed independently, allowing for separate operations and convenience.
To the rear of the property, a charming residence awaits, offering a spacious two-bedroom accommodation with built-in robes in the master bedroom, a sparkling bathroom with laundry facilities a broom cupboard, and a linen press.
The main kitchen is spacious and inviting, offering open-plan flexibility for lounge and dining areas, with access to a rear paved courtyard that is private and shaded by charming small trees. This provides a serene space for relaxation and leisure, making it perfect for unwinding.
Property Highlights:
• Prime commercial opportunity with a separate two-bedroom residence at the rear
• Currently owner-occupied and running an established business
• Ideal for entrepreneurs seeking a live-and-work arrangement
• Well-presented interiors with modern finishes and ample storage
• Convenient air conditioning for year-round comfort
• Elegant polished timber floors adding a touch of sophistication
• Residential traffic contributes to the inviting atmosphere and potential clientele
Whether you aspire to start a new venture, or lease out the commercial space, 29B Vernon Street, South Kingsville, offers the perfect combination of commercial success and tranquil residential living.
Currently owner-occupied and running an established business, this property invites you to dream big and start your venture while enjoying the convenience of living at the rear or leasing out either property separately.
Arrange a private viewing today and seize this outstanding opportunity to own this unique property, where commercial endeavors meet comfortable living in a sought-after location!
Property History for 29b Vernon St, South Kingsville, VIC 3015
- 05 Mar 2024Sold for $780,000
- 25 Jul 2023Listed for Sale Under Offer
- 08 May 2017Sold for $530,000
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About South Kingsville 3015
The size of South Kingsville is approximately 0.7 square kilometres. It has 2 parks covering nearly 8.5% of total area. The population of South Kingsville in 2011 was 1,829 people. By 2016 the population was 1,948 showing a population growth of 6.5% in the area during that time. The predominant age group in South Kingsville is 30-39 years. Households in South Kingsville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Kingsville work in a professional occupation. In 2011, 56.5% of the homes in South Kingsville were owner-occupied compared with 57.5% in 2016.
South Kingsville has 1,339 properties. Over the last 5 years, Houses in South Kingsville have seen a 8.80% increase in median value, while Units have seen a 20.51% increase. As at 31 October 2024:
- The median value for Houses in South Kingsville is $1,078,392 while the median value for Units is $650,336.
- Houses have a median rent of $575 while Units have a median rent of $560.
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