450 Glen Huntly RoadElsternwick VIC 3185
Property Details for 450 Glen Huntly Rd, Elsternwick
Last Listing description (September 2022)
Premium Freehold Investment
Commercial 1 zoning
Invest now, develop or occupy later
Aston Commercial are pleased to offer 450 Glen Huntly Road Elsternwick for private sale.
This opportunity consists of a beautifully presented, refurbished and renovated period freehold shop with first floor dwelling and rear laneway access. The property is located in a funky and vibrant strip near the corner of Orrong Road directly opposite the new Coles supermarket with a tram on its doorstep.
Benefitting from a solid lease to an established tenant, the acquisition will provide a secure investment in an area that is well established and highly sought after.
The property is leased to Fazal Trader PTY LTD trading as Alev Alev on a new 3 + 3 year lease from 25th April 2022 at $46,361 p/a plus GST & outgoings with annual 3% increases.
Sit back and enjoy the income and the steady increase in value the area is sure to provide and safe in the knowledge that there will be development upside in the future.
Please contact Aston Commercial today to arrange your private inspection.
*approx.
Property History for 450 Glen Huntly Rd, Elsternwick, VIC 3185
- 16 Dec 2022Sold for $1,280,000
- 13 Jul 2022Listed for Sale Contact Agent
- 21 Jun 2021Transferred
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About 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 6,730 properties. Over the last 5 years, Houses in Elsternwick have seen a -7.03% decrease in median value, while Units have seen a -0.69% decrease. As at 31 March 2026:
- The median value for Houses in Elsternwick is $2,143,905 while the median value for Units is $705,552.
- Houses have a median rent of $920 while Units have a median rent of $595.
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