374 Belgrave-Gembrook RoadEmerald VIC 3782
Property Details for 374 Belgrave-Gembrook Rd, Emerald
Last Listing description (April 2020)
SECURELY LEASED INVESTMENT OFFERING
Conjunctional agents Colliers International and Advanced Hospitality Brokers are delighted to offer 374 Belgrave-Gembrook Road, Emerald For Sale by Public Auction Thursday 5th December 2019 at 11am on-site.
On offer is a freehold titled investment that is the home to Elevation @ Emerald. A modern restaurant and bar that has been refurbished and upgraded over the years to provide a great dining and drink destination for the local residents and visitors.
Key investment highlights are as follows:
A rare freehold title investment that has future office building that is well positioned to all purchasing profiles;
Land area 1,956m (approx.);
37 metre frontage to Belgrave-Gembrook Road;
Mixed Use Zone allowing for multiple future uses;
Securely leased till January 2024 with three (3) further terms of five (5) years each;
Annual income $153,830 p.a. (as of January 2020);
In built rental growth of 3% annually and market review at the option;
Large venue capacity and a 1am General Liquor Licence;
Located on within the main retail hub of Emerald which is positioned in the Dandenong Ranges, approximately 44km south-east of the Melbourne CBD;
Conjunctional agents Colliers International and Advanced Hospitality Brokers strongly recommends this rare opportunity for your serious consideration.
Colliers International
Guy Wells 0405 612 416
Andrew Ryan 0408 543 527
Advanced Hospitality Brokers
Mark Durnan 0419 433 190
John Crooks 0418 639 686
*Approx.
Property History for 374 Belgrave-Gembrook Rd, Emerald, VIC 3782
- 01 Nov 2019Listed for Sale Please contact agent
- 31 Oct 2018Listed for Sale $2,600,000 GST N/A
- 08 Apr 1995Listed for Sale Not Disclosed
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0About Emerald 3782
The size of Emerald is approximately 50.4 square kilometres. It has 21 parks covering nearly 7.5% of total area. The population of Emerald in 2016 was 5778 people. By 2021 the population was 5890 showing a population growth of 1.9% in the area during that time. The predominant age group in Emerald is 50-59 years. Households in Emerald are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Emerald work in a professional occupation.In 2021, 90.40% of the homes in Emerald were owner-occupied compared with 88.40% in 2016.
Emerald has 2,477 properties. Over the last 5 years, Houses in Emerald have seen a 19.13% increase in median value, while Units have seen a 60.94% increase. As at 31 March 2026:
- The median value for Houses in Emerald is $1,028,341 while the median value for Units is $799,760.
- Houses have a median rent of $600.
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