1097 Mt Alexander RoadEssendon VIC 3040
Property Details for 1097 Mt Alexander Rd, Essendon
Last Listing description (December 2021)
+ Irreplaceable corner landholding of 736sqm* with dominant exposure to Mt Alexander & Lincoln Roads
+ A tightly held retail property that has been fully leased for over 30 years
+ 100% leased to four (4) separate tenants including caf institution & longstanding tenant of 50+ years Essendon Hairstylists
+ Providing a diverse annual income of $233,564* + GST + Outgoings (after land tax) from four (4) separate tenancies plus an additional ANZ ATM
+ Positioned at the entrance to the low vacancy (less than 1%) North Essendon Village, serviced by free car parking and inlet access off the heavily trafficked Mt Alexander Road
+ With over 28,000^ cars passing daily, Essendon Corner provides unparalleled signage (billboard) opportunities (STCA)
For further information please contact the exclusive sales and marketing agents at CBRE:
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au
*approx
Source^ Vicroads
Property History for 1097 Mt Alexander Rd, Essendon, VIC 3040
- 03 Sep 2021Listed for Sale SOLD - Price Withheld
- 08 Nov 2019Sold for $6,405,000
- 26 Sep 2019Listed for Sale Contact Agent
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About Essendon 3040
The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.
Essendon has 13,013 properties. Over the last 5 years, Houses in Essendon have seen a 21.97% increase in median value, while Units have seen a 1.05% increase. As at 31 December 2025:
- The median value for Houses in Essendon is $1,978,876 while the median value for Units is $595,880.
- Houses have a median rent of $650 while Units have a median rent of $500.
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