940 Bridge Inn RoadDoreen VIC 3754
Property Details for 940 Bridge Inn Rd, Doreen
Last Listing description (April 2021)
CBRE is delighted to present to the market for sale a premium freehold investment in Melbourne's outer north. The property is better known as 940 Bridge Inn Road and located at the junction of Bridge Inn Road and Yan Yean Road. This opportunity will entice the interest of astute investors looking for a passive investment. Key features include:
- Multi-tenanted investment underpinned by secure covenant to United Petroleum until 2022
- Boasts a significant collective net income of $363,853 (approx) with 3-3.5% increases per annum
- Major depreciation tax benefits
- Set in a growing suburban retail precinct that includes Repco, McDonald's, Bridgestone and upcoming KFC
The property is being offered for sale exclusively through CBRE via Public Expressions of Interest, closing Wednesday 30th July 2014 at 2:00pm.
Property History for 940 Bridge Inn Rd, Doreen, VIC 3754
- 02 Jul 2014Listed for Sale Contact Agents to Discuss
- 13 Oct 2013Sold for $2,200,000
- 18 Jun 2013Listed for Sale CONTACT AGENT
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0About Doreen 3754
The size of Doreen is approximately 32.4 square kilometres. It has 96 parks covering nearly 7.9% of total area. The population of Doreen in 2016 was 21298 people. By 2021 the population was 27122 showing a population growth of 27.4% in the area during that time. The predominant age group in Doreen is 0-9 years. Households in Doreen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Doreen work in a professional occupation.In 2021, 77.30% of the homes in Doreen were owner-occupied compared with 76.10% in 2016.
Doreen has 11,962 properties. Over the last 5 years, Houses in Doreen have seen a 23.52% increase in median value, while Units have seen a 39.96% increase. As at 31 March 2026:
- The median value for Houses in Doreen is $871,186 while the median value for Units is $612,320.
- Houses have a median rent of $570 while Units have a median rent of $480.
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