5/242 Glen Huntly RoadElsternwick VIC 3185
Property Details for 5/242 Glen Huntly Rd, Elsternwick
Last Listing description (May 2021)
Auction: Friday 28 May 2021 at 1pm on-site.
Teska Carson is pleased to present for purchase Shop 5, 242 Glen Huntly Road, Elsternwick with the following key attributes:
Securely leased investment opportunity positioned in the heart of Elsternwick's booming retail food & shopping precinct, Glen Huntly Road.
Longstanding tenant 'Bottlemart Express Happy Cellars' providing an annual net income of $48,094 + GST & Outgoings.
Five (5) year lease having commenced 1 July 2019 with additional five (5) year options until 2044.
Annual increases of 3%.
Building area of 75sqm* and two (2) secure on-site car spaces.
Flexible mixed use zoning allowing multiple options for future use (STCA).
Glen Huntly Road is a booming retail shopping strip with an abundance of national retailers, local businesses and hugely successful food operators including Hanoi Hannah, Penta & Carter Lovett to name a few.
Situated at the doorstep to Elsternwick Train Station and surrounded by additional public transport amenity including the no.67 tram and bus routes 603 & 246.
Please do not hesitate to call for further information:
Luke Bisset 0400 344 211
George Takis 0403 259 559
Property History for 5/242 Glen Huntly Rd, Elsternwick, VIC 3185
- 27 May 2021Sold for $961,000
- 29 Apr 2021Listed for Sale Auction Fri 28th May 1:00pm
- 06 Oct 2010Sold for $520,000
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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 6,731 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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