SOLD
Sold on 15 Sep 2023 for $1,080,000

806 High Street
Thornbury VIC 3071

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 186m2
Land area: 190m2
Sold By
Julian Materia
Gross Waddell ICR Pty Ltd
Raff De Luise
Gross Waddell ICR Pty Ltd
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Property Details for 806 High St, Thornbury

Building Type
Commercial
Floor Size
186m2
Land Size
190m2
Local Government
Darebin
Lot/Plan
3/LP44127

Last Listing description (September 2023)

****SOLD****

Gross Waddell ICR is pleased to offer 806 High Street, Thornbury to the market via Public Auction. This prized property ticks the box of good value investment with a renewed term of Ten (10) Years commencing 15th of September 2023, a commencing rent of $56,500 p.a. Net plus Outgoings plus GST with a fixed 4% annual rent increase.

Nestled at the vibrant heart of Thornbury, 806 High Street enjoys an enviable location surrounded by an array of cafes, restaurants, and bars, each offering a distinct culinary experience that caters to diverse palates. The street is alive with the aroma of freshly brewed coffee from cozy cafes and a diverse option of global cuisines from popular eateries.

For those seeking entertainment and a lively atmosphere, the local bars offer a range of crafted cocktails and live music to ensure vibrant evenings.

The location also boasts excellent connectivity, with convenient access to public transport options that seamlessly link Thornbury to the bustling Melbourne CBD.

Key Highlights:

Rent: $56,500 p.a. + Outgoings +GST
Term: Ten (10) years
Commencement date: 15th of September 2023
Fixed 4% annual increases
Proven tenant established 2018
Two level building
Rear access via Pender Street
Ample public transport options
Desired High St location close to many other thriving business

AUCTION DATE: Friday 15th September at 12:30pm onsite

Sales Terms: 10% deposit and 60 days settlement

Please contact the exclusive selling agents to book in a private inspection.

Property History for 806 High St, Thornbury, VIC 3071

A timeline of how this property has performed in the market
Last Sold
$1,080,000
15 Sep 2023
Listed for Rent
$958/w
07 Jan 2019
  • 15 Sep 2023
    Sold for $1,080,000
  • 16 Aug 2023
    Listed for Sale Contact Agent
  • 10 Aug 2018
    Listed for Rent $50,000 / year
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About Thornbury 3071

The size of Thornbury is approximately 5.1 square kilometres. It has 26 parks covering nearly 13.6% of total area. The population of Thornbury in 2011 was 17,433 people. By 2016 the population was 18,543 showing a population growth of 6.4% in the area during that time. The predominant age group in Thornbury is 30-39 years. Households in Thornbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thornbury work in a professional occupation. In 2011, 56.3% of the homes in Thornbury were owner-occupied compared with 53.6% in 2016.

Thornbury has 11,300 properties. Over the last 5 years, Houses in Thornbury have seen a 21.51% increase in median value, while Units have seen a 16.84% increase. As at 31 July 2024:

  • The median value for Houses in Thornbury is $1,382,098 while the median value for Units is $625,547.
  • Houses have a median rent of $730 while Units have a median rent of $460.
There are currently 23 properties listed for sale, and 19 properties listed for rent in Thornbury on OnTheHouse. According to CoreLogic's data, 470 properties were sold in the past 12 months in Thornbury.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.