For Sale by Expressions of Interest closing Thursday 9 September 2021 at 3pm.
469-479 Glen Huntly Road, Elsternwick presents an exceptional investment opportunity in the heart of this outstanding south eastern suburb of Melbourne.
Featuring 1040m2 of building over two levels, this prominent corner property benefits from six separate income generating tenancies plus access to substantial undercover car parking.
- Total Income: $360,000 pa plus GST & Outgoings
- Land Area: 776m2
- Building Area: 1040m2
- Zoning: Commercial 1
- Diverse tenancy mix
- Combined street frontage of 59 metres
Please call for further information or to arrange an inspection.
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 6,727 properties. Over the last 5 years, Houses in Elsternwick have seen a -3.89% decrease in median value, while Units have seen a -4.06% decrease. As at 30 April 2026:
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