411 Burwood HighwayVermont South VIC 3133
Property Details for 411 Burwood Hwy, Vermont South
411 Burwood Hwy, Vermont South is a 4 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 647m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Vermont South in the last 12 months.
Last Listing description (March 2024)
Biggin Scott Real Estate, Glen Waverley proudly presents for sale 411 Burwood Highway, Vermont South under Residential Growth Zone - Schedule 1 (RGZ1)
In prominent corner position on well-known Burwood Highway this well-established investment property, currently leased to a long-standing tenant in Capital Radiology Pty Ltd, is seeking a new owner. Presently offering tenants a five-year lease from 1 December 2020 with a renewed rent of $4201.87 per month ($58,847.28 per annum) plus GST. The rent is subject to CPI review annually.
The same tenants started the lease since 2010 and it's a secure investment in a health-related precinct.
Currently operating as an advanced medical imaging clinic (Capital Radiology Vermont MRI) and perfectly located on a high traffic volume thoroughfare, this property has direct access to Burwood Highway tram stops and pedestrian crossings, easy reach to Vermont South shops, Forest Hill Chase and The Glen Shopping Centre, Glen Waverley & Nunawading train stations, Emmaus College, Deakin University, Presbyterian Ladies' College and zoned to Highvale Secondary College (STSA).
Key attributes:
•High exposure corner allotment
•Long standing tenant in Capital Radiology Pty Ltd since 2010
•Five year lease from 1 December 2020
•Current rent is $58,847.28 per annum plus GST
•Rent is subject to CPI review annually
•Reception space incorporating dual aspect waiting room
•Staff tea room with wet area
•Two private offices
•Two separate MRI rooms each with imaging control area
•Two change alcoves
•Large storeroom
•Disable access ramp
•Disabled access WC
•Carport with 3 parking bays plus one emergency vehicle parking spot
•Separate gated access from Consort Avenue
•Heating/cooling systems
•Alarm
•On-street parking
•Central location with direct access to Burwood Highway tram stops, pedestrian crossings and in easy reach of Vermont South shops, Forest Hill Chase and The Glen Shopping Centre, Glen Waverley & Nunawading train stations, Emmaus College Deakin University, Presbyterian Ladies' College.
Property History for 411 Burwood Hwy, Vermont South, VIC 3133
- 27 Feb 2024Sold for $1,450,000
- 22 Jan 2024Listed for Sale UNDER OFFER!
- 08 Dec 2008Sold for $420,000
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0About Vermont South 3133
The size of Vermont South is approximately 6.2 square kilometres. It has 24 parks covering nearly 22.3% of total area. The population of Vermont South in 2011 was 11,416 people. By 2016 the population was 11,686 showing a population growth of 2.4% in the area during that time. The predominant age group in Vermont South is 60-69 years. Households in Vermont South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vermont South work in a professional occupation. In 2011, 86.9% of the homes in Vermont South were owner-occupied compared with 83.9% in 2016.
Vermont South has 4,986 properties. Over the last 5 years, Houses in Vermont South have seen a 42.38% increase in median value, while Units have seen a 10.37% increase. As at 31 July 2024:
- The median value for Houses in Vermont South is $1,488,531 while the median value for Units is $781,944.
- Houses have a median rent of $700 while Units have a median rent of $600.
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