94 Union RoadSurrey Hills VIC 3127
Property Details for 94 Union Rd, Surrey Hills
Last Listing description (January 2019)
Gorman Commercial is pleased to offer 94 Union Road, Surrey Hills for sale by Auction to be held Wednesday 21st November at 12 noon on-site.
Offering a rare opportunity to acquire this immaculately presented two-storey freehold in the tightly held Union Road retail shopping village.
Key attributes of the property include:
* Versatile building area of 287 sqm, suitable for retail, commercial, hospitality (S.T.C.A.)
* Extensively renovated high quality building with excellent exposure
* Short term income - Occupy, Invest, Develop
* 6 on-site car spaces plus rear RSD access
* Prominent 7.6 metre frontage with R.O.W. access along southern & western boundaries
* Low site coverage allowing scope for further expansion or development (S.T.C.A.)
Union Road, Surrey Hills is one of Melbourne's best performing suburban shopping precincts with historically low vacancy rates and very few opportunities to purchase within the area. Over recent years, the immediate area has seen an increase in high-quality medium density residential development which has led to a significant change in the retail landscape with the recent addition of new cafes, restaurants and a wine bar plus Vintage Cellars and a new Coles supermarket. Surrey Hills Train Station is located within 50 metres of the property and various bus services also operate in Union Road. The property is located within close proximity to major roads including Canterbury Road, Warrigal Road and Mont Albert Road and is a short walk to the Surrey Gardens.
Property History for 94 Union Rd, Surrey Hills, VIC 3127
- 01 Jul 2021Sold for $3,200,000
- 21 Nov 2018Sold for $2,435,000
- 22 Oct 2018Listed for Sale Not Disclosed
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0About Surrey Hills 3127
The size of Surrey Hills is approximately 4.4 square kilometres. It has 13 parks covering nearly 3.4% of total area. The population of Surrey Hills in 2011 was 13,132 people. By 2016 the population was 13,605 showing a population growth of 3.6% in the area during that time. The predominant age group in Surrey Hills is 40-49 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation. In 2011, 76.1% of the homes in Surrey Hills were owner-occupied compared with 76.3% in 2016.
Surrey Hills has 6,926 properties. Over the last 5 years, Houses in Surrey Hills have seen a 10.57% increase in median value, while Units have seen a 1.46% increase. As at 31 December 2024:
- The median value for Houses in Surrey Hills is $2,275,443 while the median value for Units is $896,680.
- Houses have a median rent of $890 while Units have a median rent of $580.
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