1020 Burwood HighwayFerntree Gully VIC 3156
Property Details for 1020 Burwood Hwy, Ferntree Gully
Last Listing description (February 2023)
Burgess Rawson is pleased to offer to the market 1020 Burwood Highway, Ferntree Gully VIC for sale via Investment Portfolio Auction 158.
The property has the following investment highlights:
+ Renewed 5 year lease to November 2027 plus option to 2032.
+ Landlord preferred, net lease terms with tenant paying all outgoings excluding Land Tax.
+ Annual fixed compounding 3.5% rent increases, assuring rental growth.
+ High profile 2,124sqm freehold site with prime Burwood Highway frontage and exposure.
+ Well-presented and maintained 1,054sqm freestanding building including modern warehouse and customer and staff amenities.
+ Architecturally designed - first tilt slab warehouse built in Australia.
+ Strategically placed along Burwood Highway, a major arterial servicing 32,000+ vehicles daily.***
+ Surrounded by major complementary users including Woolworths and Aldi Supermarkets, Repco, Chemist Warehouse, 7-Eleven, Subway, Domino's, KFC and numerous automotive dealerships and retailers.
+ Within Ferntree Gully, Mazda boasts an impressive 25% market share in the automotive retail sector.***
+ City of Knox: significant metro municipality with population forecast to grow 15% to 192,407 residents by 2041.****
+ Net Income: $170,187 pa* + GST
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 22 February 2023
Crown Casino, Melbourne VIC
Please contact the exclusively appointed Burgess Rawson team for more information.
*approx.
** GWS Mazda
***Gapmaps
****Forecast.id
Property History for 1020 Burwood Hwy, Ferntree Gully, VIC 3156
- 02 Dec 2023Transferred
- 23 Feb 2023Sold for $3,380,000
- 24 Jan 2023Listed for Sale Price on Request
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0About Ferntree Gully 3156
The size of Ferntree Gully is approximately 14.0 square kilometres. There are 45 parks, covering nearly 8.8% of the total area. The population of Ferntree Gully in 2016 was 26428 people. By 2021 the population was 27398 showing a population growth of 3.7% in the area during that time. The predominant age group in Ferntree Gully is 30-39 years. Households in Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferntree Gully work in a professional occupation.In 2021, 76.30% of the homes in Ferntree Gully were owner-occupied compared with 77.00% in 2016.
Ferntree Gully has 13,814 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 2.93% increase in median value, while Units have seen a 7.75% increase. As at 31 August 2026:
- The median value for Houses in Ferntree Gully is $881,770 while the median value for Units is $686,569.
- Houses have a median rent of $640 while Units have a median rent of $600.
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