1A Gladstone ParadeGlenroy VIC 3046
Property Details for 1a Gladstone Pde, Glenroy
1a Gladstone Pde, Glenroy is a 1 bedroom, 1 bathroom House. The property has a land size of 235m2.
Last Listing description (October 2024)
- Rental income: $70,363.60 pa + GST
- Two separate leases in place
- Two street frontages
OurAgent real estate is pleased to offer 1a Gladstone Parade, Glenroy for sale by Public Auction on Thursday 131stth October at 2 pm on-site.
The property presents an outstanding main road building, with two street frontages and is securely leased to a longstanding tenant on a 2 x 4 x 4 x4 year lease for the shop and 2x2x2 lease in place for advertising space above the shop.
Key property features include:
* Rental income: $70,363.60 pa + GST
* Two leases in place. Shop returning $57,600 pa including GST and Advertising rent space above the shop $19,800 pa.
* Building area: 96 sqm approx.
* Land area: 102 sqm approx
* Abutting council car parking with entrance from the rear council car park as well
* Two (2) street frontages
* Zoning: Commercial 1
* Future development upside being able to build up multiple levels (STCA)
* Walking distance to the brand new and recently completed Glenroy railway station
* The immediate location is underpinned by quality anchor tenants including Coles Supermarket, Direct Chemist Warehouse, Commonwealth Bank and many more local service retail businesses
Located in the prime position of the Pascoe Vale retail strip, this excellent set and forget retail investment offers both income, security and long-term development potential.
Property Code: 54
Property History for 1a Gladstone Pde, Glenroy, VIC 3046
- 14 Oct 2024Listed for Sale $1,000,000 - $1,100,000
Recent sales nearby
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About Glenroy 3046
The size of Glenroy is approximately 8.9 square kilometres. It has 25 parks covering nearly 26.0% of total area. The population of Glenroy in 2016 was 22245 people. By 2021 the population was 23792 showing a population growth of 7.0% in the area during that time. The predominant age group in Glenroy is 30-39 years. Households in Glenroy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenroy work in a professional occupation.In 2021, 59.50% of the homes in Glenroy were owner-occupied compared with 60.20% in 2016.
Glenroy has 12,595 properties. Over the last 5 years, Houses in Glenroy have seen a 17.47% increase in median value, while Units have seen a 10.74% increase. As at 31 December 2025:
- The median value for Houses in Glenroy is $886,030 while the median value for Units is $614,340.
- Houses have a median rent of $550 while Units have a median rent of $520.
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