844 Burwood HighwayFerntree Gully VIC 3156
Property Details for 844 Burwood Hwy, Ferntree Gully
Last Listing description (October 2019)
Brand new 12 year lease to 7-Eleven to 2031 plus options to 2051.
Guaranteed rental growth with annual fixed 3% rent increases.
7-Eleven is Australias #1 convenience retailer with over 700 stores and 38% market share.
Booming commercial precinct supported by Officeworks (next door), Coles, Woolworths, CBA, Petbarn, Snooze, McDonalds, Ford, Hyundai, Nissan, Autobarn and major banks within 600 metres*.
City-bound site on key east-west arterial with over 31,000 vehicles passing daily**.
Within the established suburban municipality of Knox, 25km* from the Melbourne CBD with forecast population growth of 17% to 192,407 by 2041***.
Recently refurbished to 7-Elevens current corporate standard incorporating a 134 sqm* convenience retail store, attached canopy and on-site car spaces.
Landlord-favourable, Net lease terms, 7-Eleven pay all rates, building and public liability insurances*.
IMPORTANT: 7-Eleven owns, maintains, repairs and replaces all fuel tanks*, equipment plus site remediation.
Rent: $249,414 pa
To be sold by Investment Portfolio Auction at Crown Casino from 12 noon AEDT on Wednesday 30 October.
14 other 7-Eleven freehold investments also available.
Contact sales team for more details.
**GapMaps
***forecast.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are commencing rentals as per the lease. Land tax is not payable by the tenant. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 844 Burwood Hwy, Ferntree Gully, VIC 3156
- 30 Oct 2019Sold for $5,070,000
- 26 Sep 2019Listed for Sale Not Disclosed
- 29 Nov 2012Sold for $2,750,000
Recent sales nearby
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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 13,820 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 4.94% increase in median value, while Units have seen a 10.32% increase. As at 31 July 2026:
- The median value for Houses in Ferntree Gully is $888,400 while the median value for Units is $690,736.
- Houses have a median rent of $640 while Units have a median rent of $600.
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