914-918 Mt Alexander RoadEssendon VIC 3040
Property Details for 914-918 Mt Alexander Rd, Essendon
Last Listing description (October 2019)
Impressive two-level freehold building offered with brand new lease to experienced tenant currently undertaking extensive renovation, offering a modern restaurant, bar and function venue.
High profile location in the heart of the Essendon retail precinct positioned on the highly desirable Mount Alexander Road.
New 5+5+5+5 Year Lease
Building Area: 525 sqm*
Land Area: 353 sqm* with rear access
Commercial 1 Zone (C1Z)
*approx
Property History for 914-918 Mt Alexander Rd, Essendon, VIC 3040
- 26 Oct 2019Sold for $3,000,000
- 10 Oct 2018Listed for Sale Contact Agent
- 25 May 2018Sold for $2,800,000
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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 13,012 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:
- 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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