1/627 Nepean HighwayCarrum VIC 3197
Property Details for 1/627 Nepean Hwy, Carrum
Last Listing description (December 2021)
Nichols Crowder is delighted to offer to the market this exceptional investment opportunity.
Securely leased to popular Japanese restaurant "Ajisai". This superbly positioned double fronted ground floor strata retail shop of 155sqm* is fully fitted out with a high quality commercial kitchen, store room and staff amenities.
Key Features Include:
* Recently renewed 5 year lease
* One (1) further 5 year option
* Income: $40,495 per annum plus GST and outgoings
* 4% fixed annual increases with market review at the option
* Boasting prominent business exposure fronting Nepean Highway and opposite Carrum Train Station, walking distance to Carrum Lifesaving Club, walk through beach access and convenient transport services right at the door step.
For further information or to arrange an inspection by appointment only, please contact:
Tanya Scagliarini 0438 289 859
Jamie Stuart 0412 565 562
PLEASE NOTE:
* Inspections are carried out in accordance with strict COVID-19 Directions. For further details contact the Estate Agent.
* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.
Property History for 1/627 Nepean Hwy, Carrum, VIC 3197
- 08 Dec 2021Sold for $800,000
- 19 Oct 2021Listed for Sale Contact Agent
Recent sales nearby
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About Carrum 3197
The size of Carrum is approximately 1.6 square kilometres. There are 6 parks, covering nearly 9.7% of the total area. The population of Carrum in 2016 was 3980 people. By 2021 the population was 4239 showing a population growth of 6.5% in the area during that time. The predominant age group in Carrum is 30-39 years. Households in Carrum are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum work in a professional occupation.In 2021, 67.40% of the homes in Carrum were owner-occupied compared with 64.30% in 2016.
Carrum has 2,582 properties. Over the last 5 years, Houses in Carrum have seen a 6.77% increase in median value, while Units have seen a 14.70% increase. As at 30 June 2026:
- The median value for Houses in Carrum is $1,227,729 while the median value for Units is $867,114.
- Houses have a median rent of $683 while Units have a median rent of $625.
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