1/1569 Burwood HighwayTecoma VIC 3160
Property Details for 1/1569 Burwood Hwy, Tecoma
Last Listing description (May 2024)
• Investment opportunity!
• Main Road access in thriving suburb!
OBrien Real Estate Tecoma is pleased to offer 1/1569 Burwood Hwy, Tecoma to the market for sale.
Excellent opportunity to purchase this well-located premise. This shop which is 71m2 appx in size is currently leased at annual rental of $18,040 per annum plus outgoings. This site offers both investors and own occupiers the opportunity to either invest or occupier at end of lease term.
Attributes of the property include:
• Commercial 1 Zone (C1Z)
• Currently set up as an open work space but lends itself to many other options i.e. consulting rooms, an expanding home business etc.
• Open plan design with high ceilings creating a feeling of space & adding natural light
• Kitchenette
• New Hot water service
• Separate toilet
• Split system heat/cooling plus ceiling fans
• Alarm
• Landscaped common areas
• Onsite parking available
• Walking distance to both Tecoma & Belgrave Train Stations + local shops
Contact us today to make a time to view and secure this brilliant opportunity!
Property History for 1/1569 Burwood Hwy, Tecoma, VIC 3160
- 17 May 2024Sold for $365,000
- 02 May 2024Listed for Sale $365,000 to $400,000
- 20 Oct 2021Listed for Rent $17,340 / month
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0About Tecoma 3160
The size of Tecoma is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.4% of total area. The population of Tecoma in 2011 was 2,087 people. By 2016 the population was 2,068 showing a population decline of 0.9% in the area during that time. The predominant age group in Tecoma is 40-49 years. Households in Tecoma are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tecoma work in a professional occupation. In 2011, 81.1% of the homes in Tecoma were owner-occupied compared with 79.6% in 2016.
Tecoma has 1,000 properties. Over the last 5 years, Houses in Tecoma have seen a 27.22% increase in median value, while Units have seen a 35.64% increase. As at 31 October 2024:
- The median value for Houses in Tecoma is $856,170 while the median value for Units is $620,425.
- Houses have a median rent of $425 while Units have a median rent of $350.
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