- Inner Melbourne Metropolitan freestanding Coles supermarket with three (3) additional tenancies, occupying an underutilised 7,370sqm* high profile land holding
- Representing a highly successful retail position located in the gateway to Essendon's commercial and retail hub
- Flexible Commercial 1 Zoning to allow for an array of high density mixed use development options
- Ability to benefit from Essendon's growing median house price of $1,500,000**
- Fully leased holding income of $700,000*
FOR SALE VIA PUBLIC EXPRESSIONS OF INTEREST CLOSING TUESDAY 17TH DECEMBER 2019 AT 5.00PM (AEDT)
For further information please contact the exclusive sales and marketing agents:
Mark Wizel
+61 411 694 756
Lewis Tong
+61 422 848 838
Justin Dowers
+61 438 098 805
Kevin Tong
+61 422 848 818
*approx
**REIV
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 13,012 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:
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