289 Kooyong RoadElsternwick VIC 3185
Property Details for 289 Kooyong Rd, Elsternwick
Last Listing description (September 2022)
Brand new 15 year lease plus options secured by 6 month bank guarantee.
Multi-disciplinary medical clinic, established on site for 10 years.
Irreplaceable permit for 365 day trade and 17 medical practitioners.
Set-and-forget, net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability insurance, repairs and maintenance.
Annual fixed 3% rent increases provide strong and certain growth.
57% of year 1 rent potentially tax free (1) after recent state-of-the-art, $1.6 million upgrade and extension.
11% forecast population growth by 2036 (2) and median family income 32% above the national average (3).
Net Income: $474,554 pa* + GST
To be Sold by Investment Portfolio Auction
10.30am AEST Wednesday 14 September 2022
*Approx
1. JM Advisory
2. .id
3. ABS
Property History for 289 Kooyong Rd, Elsternwick, VIC 3185
- 14 Sep 2022Sold for $9,850,000
- 18 Aug 2022Listed for Sale Price on Request
- 22 Dec 2021Listed for Sale Contact Agent
Recent sales nearby
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0About Elsternwick 3185
The size of Elsternwick is approximately 2.6 square kilometres. It has 4 parks covering nearly 3.6% of total area. The population of Elsternwick in 2016 was 10349 people. By 2021 the population was 10887 showing a population growth of 5.2% in the area during that time. The predominant age group in Elsternwick is 30-39 years. Households in Elsternwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elsternwick work in a professional occupation.In 2021, 58.80% of the homes in Elsternwick were owner-occupied compared with 61.10% in 2016.
Elsternwick has 6,759 properties. Over the last 5 years, Houses in Elsternwick have seen a 4.73% increase in median value, while Units have seen a 4.99% increase. As at 31 December 2025:
- The median value for Houses in Elsternwick is $2,238,958 while the median value for Units is $744,186.
- Houses have a median rent of $678 while Units have a median rent of $585.
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