314 Racecourse Road, Flemington, VIC 3031 sold on 18 September 2025 | OnTheHouse
SOLD
Sold on 18 Sep 2025 for $1,400,000

314 Racecourse Road
Flemington VIC 3031

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 247m2
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Property Details for 314 Racecourse Rd, Flemington

Building Type
Commercial
Land Size
247m2
Local Government
Moonee Valley
Lot/Plan
1/LP68831

Last Listing description (August 2023)

The Leasing Agency is pleased to present this successful restaurant business for sale.

M Yong Tofu is a booming business with loyal clientele. The business was established in 2011 and has since earned an impressive 4.4 stars on Google from 215 reviews and 4.7 stars on Zomato (as at August 2022).


This opportunity features:

+ Strong performing restaurant trading throughout Covid with consistent sales instore and on delivery platforms

+ Prominently located on Racecourse Road, Flemington adjacent to Newmarket Train Station and Newmarket Plaza

+ Immaculate hospitality venue of 200sqm approx., offered with an existing commercial kitchen and quality fitout

+ Tightly held city fringe location with surging population and surrounded by various popular restaurants

+ Well-structured lease with a modest rental, ensuring the long term sustainability of the business

+ Existing business owners are looking to retire - priced to sell quickly with assistance period on offer

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The Leasing Agency strives to provide the most attentive services on the market.

Here's how we can assist:

Tenant Representation

The Leasing Agency has represented high-profile occupiers in all sectors of the commercial market. We leverage our expertise and relationships to help you form a growth strategy that gives you the edge to secure opportunities for the right price and on the right terms.

Lease Assignment

Whether your business is upsizing, downsizing or relocating, The Leasing Agency can assist with developing an exit strategy that minimises liability. By providing lease disposal advice and managing the marketing and documentation process, we can guide you through the lease assignment process while eliminating your risk exposure.

Business Brokerage

By appointing The Leasing Agency to sell your business, you gain access to our extensive network of local and international clients who are always on the lookout for fresh opportunities. Our comprehensive service ensures you maximise the sale price of your business - from effective marketing and careful negotiation through to the final handover process.

Renewal Negotiation

The lease renewal process can be stressful for many businesses and negotiating the right terms for the coming years is critical for the ongoing success. The Leasing Agency is associated with a number of industry-leading valuers who offers expert advice throughout the renewal negotiation process with strong supporting evidence to back our claim.

Leasing Services

The Leasing Agency is the acknowledged market leader in commercial leasing. Our attentive services, tireless work ethic and balanced approach have earned us the reputation of leasing experts. We pride ourselves in being leasing specialists and this focus has distinguished us from traditional real estate agencies in the market.

Asset Management

At The Leasing Agency, we value relationships with our tenants and landlords. We believe by maintaining a balanced relationship, we can achieve an optimal long-term outcome and safeguard the return on your hard-earned investment. As proactive property experts, we keep up to date on current market trends and constantly strive to add value to your portfolio.

Development Advisory

The success of a commercial project relies heavily on having the right tenancy mix. At The Leasing Agency, we help developers find the most ideal design efficiency ratio and involve ourselves from initial planning, through securing anchor tenants, to the final delivery. By engaging us, we can minimise the vacancy risk and maximise the development yield.

Strategic Planning

Real estate is a long game that requires meticulous planning. As leasing professionals, our fingers are on the pulse - we monitor market trends closely and are well-positioned to help assess your property strategy. We are here to assist, whether you are looking to expand your portfolio, add value to existing assets or diversify into different commercial sectors.

Property History for 314 Racecourse Rd, Flemington, VIC 3031

A timeline of how this property has performed in the market
Last Sold
$1,400,000
18 Sep 2025
Listed for Rent
$50k/w
05 May 2023
  • 18 Sep 2025
    Sold for $1,400,000
  • 09 Aug 2022
    Listed for Rent - Price not available
  • 01 Apr 1986
    Sold for $95,000
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About Flemington 3031

The size of Flemington is approximately 2.9 square kilometres. It has 13 parks covering nearly 5.2% of total area. The population of Flemington in 2016 was 7719 people. By 2021 the population was 7025 showing a population decline of 9.0% in the area during that time. The predominant age group in Flemington is 30-39 years. Households in Flemington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Flemington work in a professional occupation.In 2021, 36.90% of the homes in Flemington were owner-occupied compared with 33.40% in 2016.

Flemington has 5,721 properties. Over the last 5 years, Houses in Flemington have seen a 15.93% increase in median value, while Units have seen a -5.84% decrease. As at 30 November 2025:

  • The median value for Houses in Flemington is $1,229,041 while the median value for Units is $407,945.
  • Houses have a median rent of $630 while Units have a median rent of $485.
There are currently 10 properties listed for sale, and 6 properties listed for rent in Flemington on OnTheHouse. According to Cotality's data, 315 properties were sold in the past 12 months in Flemington.

Suburb Insights for Flemington 3031

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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.