1224 Sydney Road, Fawkner, VIC 3060 sold on 28 May 2025 | OnTheHouse
SOLD
Sold on 28 May 2025 for $2,640,000

1224 Sydney Road
Fawkner VIC 3060

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1217m2
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Property Details for 1224 Sydney Rd, Fawkner

Building Type
Commercial
Land Size
1217m2
Local Government
Merri-Bek
Lot/Plan
PC354586

Last Listing description (February 2012)

Rare Corner Freehold with Business Opportunity
Perfect opportunity for those seeking a double corner block boasting wide frontage to a main road in a high traffic area. The property is currently set up as a car wash, though there is great potential to redevelop the site further (STCA). The premises positions itself in a prominent location amongst like minded businesses, surrounding residential areas and close proximity to the CBD. The property offers great visibility from the main road and two entrances for easy access.
Land Area: 1218m2 approximately

Zoned: Industrial 3
Freehold and Business
The site currently operates as a fully self-service facility featuring 5 separate wash bays. Also included is an office with a store room, machinery shed, a 25,000+ litre water tank, bathroom facilities, a 24 hour surveillance system, water filtration and ample lighting. This freehold and business offers exceptional potential and is a rare chance not only to acquire a prominent development site but a strong business as well, providing an excellent cash flow opportunity for the astute investor.
For further information please contact Milton Tsaktsiras on 0411 516 466 or Brett Diston on 0439 365 532.

Property History for 1224 Sydney Rd, Fawkner, VIC 3060

A timeline of how this property has performed in the market
Last Sold
$2,640,000
28 May 2025
  • 28 May 2025
    Sold for $2,640,000
  • 04 Apr 2012
    Sold for $1,265,000
  • 28 Oct 2011
    Listed for Sale $1,250,000
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About Fawkner 3060

The size of Fawkner is approximately 5.3 square kilometres. It has 12 parks covering nearly 15.1% of total area. The population of Fawkner in 2016 was 14043 people. By 2021 the population was 14274 showing a population growth of 1.6% in the area during that time. The predominant age group in Fawkner is 30-39 years. Households in Fawkner are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fawkner work in a professional occupation.In 2021, 65.90% of the homes in Fawkner were owner-occupied compared with 66.70% in 2016.

Fawkner has 6,608 properties. Over the last 5 years, Houses in Fawkner have seen a 19.63% increase in median value, while Units have seen a 21.01% increase. As at 30 November 2025:

  • The median value for Houses in Fawkner is $846,467 while the median value for Units is $614,672.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 20 properties listed for sale, and 16 properties listed for rent in Fawkner on OnTheHouse. According to Cotality's data, 335 properties were sold in the past 12 months in Fawkner.

Suburb Insights for Fawkner 3060

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.