23 Rooks Road, Mitcham, VIC 3132 sold on 23 May 2025 | OnTheHouse
 
SOLD
Sold on 23 May 2025 for $1,800,000

23 Rooks Road
Mitcham VIC 3132

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 774m2
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Property Details for 23 Rooks Rd, Mitcham

Building Type
Commercial
Land Size
774m2
Local Government
Whitehorse
Lot/Plan
7/LP71949

Last Listing description (April 2018)

Auction: Thursday 1st March at 5.00pm
A premium opportunity for investors, on offer are two adjoining factories with secure leases currently in place. Boasting a high-profile position on Rooks Road near Whitehorse Road, Mitcham Station and EastLink, both properties are on the one title which measures 789sqm (approx.) and is within the Industrial 1 Zone. Each building has its own office space and bathroom facilities as well as off-street parking.
*23 currently returning $28,988 per annum plus GST and outgoings (approx.) on a 4 + 4 lease (3.5% increase in October)

*25 currently returning $27,600 per annum plus GST and outgoings (approx.) on a 2 + 3 + 3 lease (3% increase in June)
Open for Inspection:
Thursday 1st March at 4.30pm - 5.00pm

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Property History for 23 Rooks Rd, Mitcham, VIC 3132

A timeline of how this property has performed in the market
Last Sold
$1,800,000
23 May 2025
Listed for Rent
$498/w
19 Oct 2016
  • 23 May 2025
    Sold for $1,800,000
  • 01 Mar 2018
    Sold for $1,205,000
  • 29 Jan 2018
    Listed for Sale $910,000 - $1,000,000
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About Mitcham 3132

The size of Mitcham is approximately 6.6 square kilometres. It has 23 parks covering nearly 10.8% of 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 9,352 properties. Over the last 5 years, Houses in Mitcham have seen a 26.84% increase in median value, while Units have seen a 14.98% increase. As at 31 December 2025:

  • The median value for Houses in Mitcham is $1,298,879 while the median value for Units is $818,305.
  • Houses have a median rent of $630 while Units have a median rent of $580.
There are currently 16 properties listed for sale, and 10 properties listed for rent in Mitcham on OnTheHouse. According to Cotality's data, 370 properties were sold in the past 12 months in Mitcham.

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