23 & 23a Somers Pde, Altona, VIC 3018 | Commercial for sale | OnTheHouse
 
FOR SALE
$980,000 - $1,050,000

23 & 23a Somers Parade
Altona VIC 3018

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 132m2
Land area: 242m2
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Invest in the best of both worlds

A range of possibilities exist with this great opportunity. The shop is leased to solid tenant currently on a month to month tenancy along with the two bedroom dwelling at the rear.
The combined current return is $39,000 per annum approx..
With the land exceeding 230m² further development may be considered. The choice is yours as to how best utilize this busy shopping strip with bus and train close at hand and schools nearby.
For further details please contact the selling agent

Property Details for 23 & 23a Somers Pde, Altona

Building Type
Commercial
Floor Size
132m2
Land Size
242m2
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About Altona 3018

The size of Altona is approximately 16.6 square kilometres. It has 31 parks covering nearly 21.2% of total area. The population of Altona in 2016 was 10762 people. By 2021 the population was 11490 showing a population growth of 6.8% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation.In 2021, 66.30% of the homes in Altona were owner-occupied compared with 64.20% in 2016.

Altona has 7,805 properties. Over the last 5 years, Houses in Altona have seen a 19.86% increase in median value, while Units have seen a 10.04% increase. As at 30 November 2025:

  • The median value for Houses in Altona is $1,128,348 while the median value for Units is $695,455.
  • Houses have a median rent of $620 while Units have a median rent of $525.
There are currently 30 properties listed for sale, and 8 properties listed for rent in Altona on OnTheHouse. According to Cotality's data, 370 properties were sold in the past 12 months in Altona.

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Anthony Molinia
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RYAN LANE REAL ESTATE PTY LTD
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