224 Mitcham RoadMitcham VIC 3132
Property Details for 224 Mitcham Rd, Mitcham
Last Listing description (August 2025)
A rare chance to pour yourself into this secure freehold investment.
With its statewide Duncan's Cellars branding and a long-term lease with options until 2037, this is one for your cellar where it will only mature and improve.
Zoned Commercial 1 and separately titled, it features rear laneway access and rear parking for staff. Bathroom and kitchenette amenities onsite.
Don't miss this chance to add this vintage property to your portfolio.
Leased until early 2027
Options | Five (5) years + Five (5) years
Fixed 3% annual reviews
Current return | $41,523.54 pa net
Building area | 140sqm approximately
Zoning | Commercial 1
* Boundary lines on images are indicative only. Please refer to title.
Property History for 224 Mitcham Rd, Mitcham, VIC 3132
- 24 May 2026Sold for $815,000
- 17 Feb 2025Listed for Sale Price on Application
- 08 Aug 2024Listed for Sale Price on Application
Recent sales nearby
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About Mitcham 3132
The size of Mitcham is approximately 6.6 square kilometres. There are 23 parks, covering nearly 10.8% of the total area. The population of Mitcham in 2016 was 16148 people. By 2021 the population was 16795 showing a population growth of 4.0% in the area during that time. The predominant age group in Mitcham is 30-39 years. Households in Mitcham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitcham work in a professional occupation.In 2021, 70.90% of the homes in Mitcham were owner-occupied compared with 69.80% in 2016.
Mitcham has 9,368 properties. Over the last 5 years, Houses in Mitcham have seen a -3.81% decrease in median value, while Units have seen a -2.14% decrease. As at 30 June 2026:
- The median value for Houses in Mitcham is $1,177,474 while the median value for Units is $739,199.
- Houses have a median rent of $678 while Units have a median rent of $590.
Suburb Insights for Mitcham 3132
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