SOLD
Sold on 10 Oct 2023 for $401,500

9/1 The Promenade
South Morang VIC 3752

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 93m2
Land area: 96m2
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CVA PROPERTY CONSULTANTS PTY LTD
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Property Details for 9/1 The Promenade, South Morang

Building Type
Commercial
Floor Size
93m2
Land Size
96m2
Local Government
Whittlesea
Lot/Plan
9/PS443005

Last Listing description (October 2023)

POINT OF INTEREST:
With business returning and demand in quality retail/office on the rise, this multi-functional space is your ticket to recovery. Located within a bustling centre that already hosts a variety of occupants like pharmaceuticals, dental, beauty, takeaway food and a bottle shop the asset itself is 105 sqm* of open plan space. A floorplan designed with versatility at its core; the building could be suited to offices, retail, or medical facilities (STCA).

The open plan space is fully carpeted, with floor to ceiling windows for plenty of natural light, a well-equipped kitchenette and multiple car spaces for visiting customers and staff. Zooming out from the centre shows you the opportunistic position within the large residential precinct, taking advantage of plenty of local traffic and the thriving local community atmosphere. Getting to the CBD from here takes one M1 journey or, alternatively, South Morang railway station is 1.4 km* from the site.

- 105 sqm* building area.
- Mixed use zoning.
- 5 staff car spaces onsite.
- Kitchenette included.
- Directly opposite Hendersons Creek Reserve.
- 1.4 km* from South Morang railway station.
- 1.4 km* from Westfield Plenty Valley.
- 10.5 km* from Hume Highway.
- 21.7 km* from Melbourne CBD.

POINT OF VIEW:
Servicing the local community, the centre is located opposite Hendersons Creek Reservice which offers beautiful walking tracks and wetlands. Who said you cant love where you work with a draw card like this at your door step.

*Approx.
Pricing excludes GST

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Property History for 9/1 The Promenade, South Morang, VIC 3752

A timeline of how this property has performed in the market
Last Sold
$401,500
10 Oct 2023
Listed for Rent
$23k/w
31 Aug 2021
  • 10 Oct 2023
    Sold for $401,500
  • 07 Aug 2023
    Listed for Sale $375,000
  • 30 Mar 2022
    Listed for Sale Contact Agent
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About South Morang 3752

The size of South Morang is approximately 21 square kilometres. It has 70 parks covering nearly 37.1% of total area. The population of South Morang in 2011 was 20,873 people. By 2016 the population was 24,043 showing a population growth of 15.2% in the area during that time. The predominant age group in South Morang is 30-39 years. Households in South Morang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Morang work in a professional occupation. In 2011, 79.3% of the homes in South Morang were owner-occupied compared with 76.9% in 2016.

South Morang has 10,973 properties. Over the last 5 years, Houses in South Morang have seen a 30.60% increase in median value, while Units have seen a 36.08% increase. As at 31 July 2024:

  • The median value for Houses in South Morang is $818,511 while the median value for Units is $536,950.
  • Houses have a median rent of $550 while Units have a median rent of $488.
There are currently 48 properties listed for sale, and 15 properties listed for rent in South morang on OnTheHouse. According to CoreLogic's data, 425 properties were sold in the past 12 months in South morang.

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