495A Highett RoadHighett VIC 3190
Property Details for 495a Highett Rd, Highett
Last Listing description (July 2026)
Chisholm & Gamon Commercial is delighted to offer 495A Highett Rd Highett for Private SaleIdeally positioned directly opposite Woolworths supermarket in the heart of the popular Highett Road retail/entertainment precinct. Meters from Highett Train station with 1 stop to Westfield South Land Highett, a suburb that has witnessed remarkable growth and transformation in recent years, including the soon to be completed 9.3 Hectare Precinct featuring establishment of the new high-density architecturally designed apartments and townhouses that will be home to over 1000 new residents.Key Attributes on this fantastic opportunity: - Flexible Commercial 1 (C1Z) Zoning allowing for a wide range of future uses Land 157 m2 Shop Floor Area 76 m2 (approx.). Securely leased- Trading as a "Launderette" High foot traffic Current Rental income of $42,182.40 p.a. plus GST Tenant pays portion of all normal Outgoings. 4% Increases during any lease term(s). Current lease expires 21/9/2028 2 x 5 Year further option terms To Market value 1st year at commencement of any lease option. Rear Shed with Rear access Not leased to Tenant - ideal for a man cave/storage or value add for lease Future Development Upside (STCA) (plans since expired) available upon request Terms: 10% deposit, Balance of monies 30/60/90 days
Property History for 495a Highett Rd, Highett, VIC 3190
- 05 May 2026Listed for Sale Contact Agent
- 05 May 2026Sold for $750,000
- 22 Sep 2015Listed for Sale Not Disclosed
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About Highett 3190
The size of Highett is approximately 3.7 square kilometres. There are 8 parks, covering nearly 8.4% of the total area. The population of Highett in 2016 was 10454 people. By 2021 the population was 12016 showing a population growth of 14.9% in the area during that time. The predominant age group in Highett is 40-49 years. Households in Highett are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Highett work in a professional occupation.In 2021, 70.40% of the homes in Highett were owner-occupied compared with 68.60% in 2016.
Highett has 8,405 properties. Over the last 5 years, Houses in Highett have seen a -6.84% decrease in median value, while Units have seen a 4.26% increase. As at 30 June 2026:
- The median value for Houses in Highett is $1,453,615 while the median value for Units is $719,948.
- Houses have a median rent of $800 while Units have a median rent of $625.
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