1 Droop StreetFootscray VIC 3011
Property Details for 1 Droop St, Footscray
Last Listing description (August 2024)
Prime Commercial Opportunity in Central Footscray
Discover the ultimate investment opportunity in the heart of Footscray at 1-3 Droop Street. This prime commercial estate boasts an unbeatable location, making it a smart choice for savvy investors and businesses alike. Nestled close to the new Footscray hospital, this property is ideal for medical professionals and businesses seeking proximity to healthcare services. It's not just convenient; it's a strategic advantage.
Features:
- Spacious and flexible floor plans.
- High visibility in a vibrant commercial area.
Footscray's reputation as an educational hub continues to grow. This estate is just a stone's throw away from prestigious Victoria University, Tafes and a number of Primary and Secondary schools, making it perfect for businesses catering to the academic community.
Don't miss your chance to secure this exceptional commercial estate at 1-3 Droop Street, Footscray. It's not just a property; it's an investment in your future.
Please contact Mitch (Hung) Nguyen on 0478 77 6666 or Trin Le on 0431 767 888 at Professionals St. Albans
DISCLAIMER Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 1 Droop St, Footscray, VIC 3011
- 03 May 2022Listed for Sale $3,500,000 to $3,600,000
- 27 Jan 2017Listed for Sale Not Disclosed
- 09 Sep 2016Listed for Sale Not Disclosed
Recent sales nearby
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About Footscray 3011
The size of Footscray is approximately 5.0 square kilometres. It has 25 parks covering nearly 15.1% of total area. The population of Footscray in 2016 was 16345 people. By 2021 the population was 17131 showing a population growth of 4.8% in the area during that time. The predominant age group in Footscray is 30-39 years. Households in Footscray are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Footscray work in a professional occupation.In 2021, 41.30% of the homes in Footscray were owner-occupied compared with 36.60% in 2016.
Footscray has 14,909 properties. Over the last 5 years, Houses in Footscray have seen a 6.80% increase in median value, while Units have seen a 2.86% increase. As at 31 December 2025:
- The median value for Houses in Footscray is $983,651 while the median value for Units is $490,898.
- Houses have a median rent of $580 while Units have a median rent of $520.
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