497 Warrigal RoadAshwood VIC 3147
Property Details for 497 Warrigal Rd, Ashwood
Last Listing description (November 2025)
RWC Oakleigh is excited to present 497 Warrigal Road, Ashwood which will be offered to market by way of a Private Sale. In a marketplace hungry for such a quality offering, this is a fantastic opportunity for the astute investor to purchase a proven retail investment with future development potential STCA.
This investment property is positioned in a fantastic location and surrounded by a multitude of National operators such as KFC, Woolworths, Vinnies, Terry White Chemmart, Salvation Army, 7-Eleven and First Choice Liquor along with many other complementing businesses including bakeries, barber shops, restaurants and a multitude of various medical practitioners which reflects the strength & viability of this thriving precinct.
The property benefits from exposure to Warrigal Road along with ample customer parking both at the front of the shop as well as council parking , whilst also offering the potential for further development in the future (STCA). Chadstone Shopping Centre is located less than 2.5km* South with the property a mere 1km* from both Ashburton & Holmesglen Stations and the 903 bus route also stopping at its doorstep.
With the potential to invest and earn rental income immediately, occupy in the future, or develop for long-term gains, this rare opportunity in a tightly held location is not to be missed.
• Total land area | 179m2*
• Total building area | 60m2*
• Current rental | $26,578p/a* + GST + outgoings
• Three (3) year lease commenced 2023 plus further term
• Frontage of over 6m* to Warrigal Road
• Rear access via R.O.W & on-site parking
• Future development Potential - Rear lane access provides scope for future expansion, such as a mixed-use retail and residential project (STCA), similar to developments already completed nearby
• Easy access to major arterials
• Commercial 1 Zone (C1Z)
For further information and to obtain a copy of the contract or information memorandum, please contact one of the exclusive marketing agents below:
George Kelepouris | 0425 798 677
Jonathan On | 0479 003 122
*All areas and figures approximates only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents
Property History for 497 Warrigal Rd, Ashwood, VIC 3147
- 28 Nov 2025Sold for $592,500
- 30 Jun 2025Listed for Sale Contact Agent
- 19 Jan 2022Transferred
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0About Ashwood 3147
The size of Ashwood is approximately 2.6 square kilometres. It has 11 parks covering nearly 12.8% of total area. The population of Ashwood in 2016 was 6886 people. By 2021 the population was 7154 showing a population growth of 3.9% in the area during that time. The predominant age group in Ashwood is 30-39 years. Households in Ashwood are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashwood work in a professional occupation.In 2021, 60.40% of the homes in Ashwood were owner-occupied compared with 59.40% in 2016.
Ashwood has 3,732 properties. Over the last 5 years, Houses in Ashwood have seen a 15.44% increase in median value, while Units have seen a 25.25% increase. As at 31 December 2025:
- The median value for Houses in Ashwood is $1,537,985 while the median value for Units is $1,083,104.
- Houses have a median rent of $688 while Units have a median rent of $660.
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