727 Mountain HighwayBayswater VIC 3153
Property Details for 727 Mountain Hwy, Bayswater
Last Listing description (February 2015)
An Investment In Full Bloom
Barry Plant Bayswater is pleased to offer 727 Mountain Highway Bayswater for sale by Auction scheduled for Thursday 19th March at 2pm onsite.
Offered for the first time in over 20 years, this property provides investors and future owner occupiers an opportunity to secure a retail shop located within a tightly held and well regarded strip shopping centre.
Lease 3 x 3 with annual adjustments commenced 01/02/14
Long established business tenant
Current rental $11,730 PA
Tenant pays all usual outgoings
Building area approx. 44sqm
Rear lane access
Price Guide - $240,000 - $270,000
727 Mountain Highway is located on the northern side of Mountain Highway between Valentine Street and Railway Parade with Lillys Lane adjoining its eastern boundary.
The retail strip is an established and vibrant retail precinct surrounded by a large and well established residential area; in recent years a number of restaurants and cafes have chosen to open their businesses in this strip.
Mountain Highway is an arterial road that runs in west/east direction from Burwood Highway to Sassafras providing easy access to the major arterials M3 Eastlink Freeway, Burwood Highway, Canterbury Road and Whitehorse Road/Maroondah Highway.
Terms: 10% deposit, balance 60 days
Property History for 727 Mountain Hwy, Bayswater, VIC 3153
- 03 Mar 2015Sold for $261,000
- 01 Feb 2013Listed for Rent - Price not available
- 16 Nov 2012Listed for Rent - Price not available
Recent sales nearby
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0About Bayswater 3153
The size of Bayswater is approximately 7.9 square kilometres. There are 17 parks, covering nearly 4.5% of the total area. The population of Bayswater in 2016 was 11758 people. By 2021 the population was 12262 showing a population growth of 4.3% in the area during that time. The predominant age group in Bayswater is 30-39 years. Households in Bayswater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bayswater work in a professional occupation.In 2021, 63.40% of the homes in Bayswater were owner-occupied compared with 65.30% in 2016.
Bayswater has 9,170 properties. Over the last 5 years, Houses in Bayswater have seen a -0.64% decrease in median value, while Units have seen a 9.12% increase. As at 31 July 2026:
- The median value for Houses in Bayswater is $859,409 while the median value for Units is $674,341.
- Houses have a median rent of $650 while Units have a median rent of $580.
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