397 Etiwanda AvenueMildura VIC 3500
Property Details for 397 Etiwanda Ave, Mildura
Last Listing description (June 2021)
Phone enquiry code for this property: 3753
Rare Opportunity to Aquire the freehold of 2 retail stores, with space to expand, on 580SqM of land.
Up for sale is 580SqM of land, comprising of two retail freeholds and an empty allotment with scope to sub-divide. Both are currently tenanted, with 3 years additional on one lease, and scope to renew on the other.
Returning approximately $19,650 p/a, and only $3,337 in compulsory outgoings; the property pays for itself.
There is also potential to build on the empty lot on the same property, a surveyor has been consulted and there is space for a 2br unit or an additional store on the same property. With council approval.
Both properties are structurally sound and have recently had cooling updated, and amenities serviced and in good order.
-Tennants pay all outgoings inc rates.
-potential to subdivide
-mixed use zone: commercial/residential.
-200m from a St Pauls Primary School
-300m from the Mildura Showgrounds/Stadiums
-500m from the Mildura Industrial Estates
I do not have an IM for the property, but if you have any further questions, I would be happy to answer them.
If you would like to book a time to see the property, don't hesitate to contact.
This property is at a perfect juncture of schools and commercial property and has excellent curb appeal, being in one of the busiest intersections in all of Mildura.
An excellent investment in a growing area. Some of the shop fitouts are included in the sale price.
Any further questions, of if you'd like a copy of the S32 and leases, don't hesitate to ask.
Phone enquiry code for this property: 3753
Property History for 397 Etiwanda Ave, Mildura, VIC 3500
- 22 Aug 2020Listed for Sale $234,999
- 15 May 2018Listed for Sale $234,999
- 13 May 2017Listed for Sale 234,999
Recent sales nearby
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About Mildura 3500
The size of Mildura is approximately 77.8 square kilometres. There are 54 parks, covering nearly 4.2% of the total area. The population of Mildura in 2016 was 32738 people. By 2021 the population was 34565 showing a population growth of 5.6% in the area during that time. The predominant age group in Mildura is 30-39 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation.In 2021, 58.60% of the homes in Mildura were owner-occupied compared with 58.10% in 2016.
Mildura has 21,041 properties. Over the last 5 years, Houses in Mildura have seen a 60.04% increase in median value, while Units have seen a 69.58% increase. As at 31 July 2026:
- The median value for Houses in Mildura is $607,849 while the median value for Units is $373,397.
- Houses have a median rent of $520 while Units have a median rent of $393.
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