287 Racecourse Road, Kensington, VIC 3031 | Commercial for sale | OnTheHouse
FOR SALE
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287 Racecourse Road
Kensington VIC 3031

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 140m2
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UNMISSABLE INVESTMENT OPPORTUNITY – RARELY AVAILABLE!

This is a prime chance for savvy investors looking for a reliable, long-term investment with stable income and there are no outgoing fees to worry about, the tenant covers everything. Perfectly positioned in a high-traffic area, this property offers excellent returns with minimal hassle.
· Ground floor: Nail & beauty salon ($40,000/year)
· Upper level: 2-bedroom apartment ($19,000/year)
· Total income: Approx. $59,000/year
· Land area: 140m2 approx
· Zoning: Commercial 1
· Rear access: Secure parking
With its strategic location in a vibrant commercial hub and excellent tenant profile, this property offers both stability and growth potential.
Don't miss out - opportunities like this are rare and won't last long!
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Property Details for 287 Racecourse Rd, Kensington

Building Type
Commercial
Floor Size
140m2
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About Kensington 3031

The size of Kensington is approximately 2.1 square kilometres. It has 19 parks covering nearly 13.6% of total area. The population of Kensington in 2016 was 10812 people. By 2021 the population was 10745 showing a population decline of 0.6% in the area during that time. The predominant age group in Kensington is 30-39 years. Households in Kensington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kensington work in a professional occupation.In 2021, 48.70% of the homes in Kensington were owner-occupied compared with 45.30% in 2016.

Kensington has 7,385 properties. Over the last 5 years, Houses in Kensington have seen a 1.34% increase in median value, while Units have seen a 7.44% increase. As at 31 October 2025:

  • The median value for Houses in Kensington is $1,198,991 while the median value for Units is $563,755.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 20 properties listed for sale, and 4 properties listed for rent in Kensington on OnTheHouse. According to Cotality's data, 491 properties were sold in the past 12 months in Kensington.

Suburb Insights for Kensington 3031

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Trung Duong
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Burnham Real Estate - FOOTSCRAY
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.