393-397 Mt Alexander Road, Ascot Vale, VIC 3032 | Property Value & History | OnTheHouse
OFF MARKET

393-397 Mt Alexander Road
Ascot Vale VIC 3032

Bedrooms: -
Bathrooms: -
Car spaces: 12
Land area: 771m2
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Property Details for 393-397 Mt Alexander Rd, Ascot Vale

Building Type
Commercial
Land Size
771m2
Local Government
Moonee Valley
Lot/Plan
1/TP130884

Last Listing description (August 2023)

The Leasing Agency is pleased to present for lease a highly exposed showroom/health and wellness tenancy located at 393 Mount Alexander Road, Ascot Vale.

The key highlights of this opportunity include:


+ Spacious open-plan warehouse offering 465sqm* of lettable floor area

+ Generous on-title parking provision of 12* bays accessed from the rear via Sabato Place

+ Convenient rear roller door access with wide entry allowing for ease of loading

+ Uninterrupted frontage of 19m* to Mount Alexander Road, directly benefiting from exposure to over 21,000* vehicles per day

+ Existing configuration suitable for a gym/wellness centre/pilates studio with the ability to convert into a Large Format Retail showroom

+ Excellent existing amenities including toilets, showers and changerooms

+ Surrounded by medium to high density residential developments including Pace Development Group's recently completed "Pace of Ascot Vale" project which features a Woolworths Metro supermarket (190m* away), underpinning continuous demand in the area

+ Strong median weekly household income of $2,192 p/w (22% higher than Victoria's average)

*approx.

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The Leasing Agency strives to provide the most attentive services on the market.

Here's how we can assist:

Tenant Representation

The Leasing Agency has represented high-profile occupiers in all sectors of the commercial market. We leverage our expertise and relationships to help you form a growth strategy that gives you the edge to secure opportunities for the right price and on the right terms.

Lease Assignment

Whether your business is upsizing, downsizing or relocating, The Leasing Agency can assist with developing an exit strategy that minimises liability. By providing lease disposal advice and managing the marketing and documentation process, we can guide you through the lease assignment process while eliminating your risk exposure.

Business Brokerage

By appointing The Leasing Agency to sell your business, you gain access to our extensive network of local and international clients who are always on the lookout for fresh opportunities. Our comprehensive service ensures you maximise the sale price of your business - from effective marketing and careful negotiation through to the final handover process.

Renewal Negotiation

The lease renewal process can be stressful for many businesses and negotiating the right terms for the coming years is critical for the ongoing success. The Leasing Agency is associated with a number of industry-leading valuers who offers expert advice throughout the renewal negotiation process with strong supporting evidence to back our claim.

Leasing Services

The Leasing Agency is the acknowledged market leader in commercial leasing. Our attentive services, tireless work ethic and balanced approach have earned us the reputation of leasing experts. We pride ourselves in being leasing specialists and this focus has distinguished us from traditional real estate agencies in the market.

Asset Management

At The Leasing Agency, we value relationships with our tenants and landlords. We believe by maintaining a balanced relationship, we can achieve an optimal long-term outcome and safeguard the return on your hard-earned investment. As proactive property experts, we keep up to date on current market trends and constantly strive to add value to your portfolio.

Development Advisory

The success of a commercial project relies heavily on having the right tenancy mix. At The Leasing Agency, we help developers find the most ideal design efficiency ratio and involve ourselves from initial planning, through securing anchor tenants, to the final delivery. By engaging us, we can minimise the vacancy risk and maximise the development yield.

Strategic Planning

Real estate is a long game that requires meticulous planning. As leasing professionals, our fingers are on the pulse - we monitor market trends closely and are well-positioned to help assess your property strategy. We are here to assist, whether you are looking to expand your portfolio, add value to existing assets or diversify into different commercial sectors.

Property History for 393-397 Mt Alexander Rd, Ascot Vale, VIC 3032

A timeline of how this property has performed in the market
Listed for Rent
$60k/w
29 Aug 2023
  • 15 Feb 2023
    Listed for Rent - Price not available
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About Ascot Vale 3032

The size of Ascot Vale is approximately 3.8 square kilometres. It has 16 parks covering nearly 20.3% of total area. The population of Ascot Vale in 2016 was 14750 people. By 2021 the population was 15197 showing a population growth of 3.0% in the area during that time. The predominant age group in Ascot Vale is 30-39 years. Households in Ascot Vale are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Ascot Vale work in a professional occupation.In 2021, 59.80% of the homes in Ascot Vale were owner-occupied compared with 55.50% in 2016.

Ascot Vale has 8,441 properties. Over the last 5 years, Houses in Ascot Vale have seen a 9.70% increase in median value, while Units have seen a 3.05% increase. As at 31 December 2025:

  • The median value for Houses in Ascot Vale is $1,434,418 while the median value for Units is $650,399.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Ascot vale on OnTheHouse. According to Cotality's data, 371 properties were sold in the past 12 months in Ascot vale.

Suburb Insights for Ascot Vale 3032

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Cotality Copyright and Legal Disclaimers about Property Data
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.