7 Macedon RoadTemplestowe Lower VIC 3107
Property Details for 7 Macedon Rd, Templestowe Lower
Last Listing description (November 2023)
Stonebridge Property Group is pleased to present for sale 7 Macedon Road, Templestowe Lower.
The key highlights of the opportunity include:
- A 100% leased 243 sqm* building with prime retail frontage to Macedon Square
- Positioned on a strategic 148 sqm* C1Z landholding with highly accessible rear lane and surplus land used for on-site car parking
- Anchored by national pizza chain CRUST, on a 5-year lease with four further options through to 2045
- CRUST was founded in 2001 and stands as one of Australia's most recognisable pizza chains, with 130+ stores throughout Australia
- Medical operator, Heathway Clinic, occupy the Level 1 space on a 5-year lease Level 1 benefits from street access via Macedon Road
- Ideally positioned at the heart of Macedon Square, a tightly held shopping precinct supported by major supermarkets Woolworths & Aldi
- Macedon Square is bolstered by 130+ public car parks and a number if national retailers, the convenience of the precinct drives 7 day trading conditions and record low,
- Providing total annual income of $99,610 + GST*
- Templestowe is a sought-after suburb located 13 km* from the Melbourne CBD with a median house price of $1,375,000.
7 Macedon Road, Templestowe Lower is offered for sale via Public On-site Auction Friday 8th December 2023 at 2:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Sarah Xi
0468 320 297
Rorey James
0439 400 081
*Approximately
Property Code: 811
Property History for 7 Macedon Rd, Templestowe Lower, VIC 3107
- 08 Dec 2023Sold for $2,360,000
- 03 Nov 2023Listed for Sale Contact the Stonebridge Team
- 22 Feb 2017Listed for Rent - Price not available
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About Templestowe Lower 3107
The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2011 was 13,152 people. By 2016 the population was 13,448 showing a population growth of 2.3% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation. In 2011, 82.8% of the homes in Templestowe Lower were owner-occupied compared with 80% in 2016.
Templestowe Lower has 6,466 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 9.38% increase in median value, while Units have seen a 29.05% increase. As at 31 October 2024:
- The median value for Houses in Templestowe Lower is $1,363,407 while the median value for Units is $1,010,266.
- Houses have a median rent of $700 while Units have a median rent of $675.
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