GormanKelly is pleased to offer 158 Canterbury Road, Heathmont for sale by auction scheduled for Wednesday 13th August at 12 noon onsite.
VIEW THE PROPERTY VIDEO HERE: http://bit.ly/WgbClh
Offered for the first in over 50 years this property provides investors, future owner occupiers or developers an opportunity to secure a retail shop located within a tightly held and well regarded local strip shopping centre.
We believe the most outstanding aspects of this property include:
* 3 year Lease
* Currently returning $25,128.48 net per annum plus GST & outgoings
* Building area: 69m* with rear access via rear laneway
* Land area: 189m*
* Zoning: Commercial 1
* In close proximity to public transport with Heathmont Railway Station only a short walk away
* Excellent position surrounded by major retailers including 7Eleven, IGA, Bakers Delight, Commonwealth Bank of Australia and more
* Abundant customer parking within the surrounding area
159 Canterbury Road, Heathmont is located on the southern side of Canterbury Road between Heathmont Road and Bedford Road, Heathmont. The retail strip is an established and vibrant retail precinct surrounded by a number of residential estates, securing it as the primary shopping district within the area.
Canterbury Road is a major arterial road that runs in east/west direction from Camberwell to Montrose and provides easy access to main arterials M3 Eastlink Freeway, Maroondah Highway/Whitehorse Road and Burwood Highway. The property is also in close proximity to public transport with Heathmont Railway Station and extensive bus services within walking distance.
The size of Heathmont is approximately 4.4 square kilometres. It has 17 parks covering nearly 9.3% of total area. The population of Heathmont in 2016 was 9688 people. By 2021 the population was 9933 showing a population growth of 2.5% in the area during that time. The predominant age group in Heathmont is 40-49 years. Households in Heathmont are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Heathmont work in a professional occupation.In 2021, 80.50% of the homes in Heathmont were owner-occupied compared with 79.90% in 2016.
Heathmont has 4,505 properties. Over the last 5 years, Houses in Heathmont have seen a 9.76% increase in median value, while Units have seen a 19.02% increase. As at 31 March 2026:
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