7/7 Development Boulevard, Mill Park, VIC 3082 | Property Value & History | OnTheHouse
OFF MARKET

7/7 Development Boulevard
Mill Park VIC 3082

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 54m2
Land area: 2150m2
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Property Details for 7/7 Development Bvd, Mill Park

Building Type
Commercial
Floor Size
54m2
Land Size
2150m2
Local Government
Whittlesea
Lot/Plan
6/PS618420

Last Listing description (December 2018)

Situated in a high growth corridor close to KFC, Hungry Jacks, Bunnings, Woolworths, McDonalds, Westfield Shopping Centre, Rivergum Shops and easy access to Plenty Rd.
Current Net Rental: $20,000 per annum plus gst
Lease Commenced: 2nd June 2018

Term: Two (2) Years
Further Options: One (1) Further Term Of Three (3) Years
Rent Increases: Annually (4%) per annum
Further Term Increase: Market Review
Area: 54m2
Outgoings: Tenant pays all outgoings
Carparking: Onsite
Terrific tenancy offering the successful investor a great return.
Auction Saturday 20th October at 11:00am On Site. Open from 10:30am
For Inspections please ring Kon Kouvas 0419 551 550 or Olivia Debono 0449 528100
*Business not for Sale*

Property History for 7/7 Development Bvd, Mill Park, VIC 3082

A timeline of how this property has performed in the market
Last Sold
$250,000
09 Sep 2008
Listed for Rent
$383/w
23 Apr 2018
  • 03 Sep 2018
    Listed for Sale Auction 20/10/18
  • 01 Nov 2017
    Listed for Rent - Price not available
  • 01 Nov 2014
    Listed for Rent - Price not available
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About Mill Park 3082

The size of Mill Park is approximately 12.8 square kilometres. It has 60 parks covering nearly 18.3% of total area. The population of Mill Park in 2016 was 29710 people. By 2021 the population was 28712 showing a population decline of 3.4% in the area during that time. The predominant age group in Mill Park is 50-59 years. Households in Mill Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mill Park work in a professional occupation.In 2021, 74.80% of the homes in Mill Park were owner-occupied compared with 76.30% in 2016.

Mill Park has 12,076 properties. Over the last 5 years, Houses in Mill Park have seen a 26.75% increase in median value, while Units have seen a 27.64% increase. As at 31 December 2025:

  • The median value for Houses in Mill Park is $904,238 while the median value for Units is $557,220.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 13 properties listed for sale, and 28 properties listed for rent in Mill park on OnTheHouse. According to Cotality's data, 471 properties were sold in the past 12 months in Mill park.

Suburb Insights for Mill Park 3082

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.