133 Puckle StreetMoonee Ponds VIC 3039
Property Details for 133 Puckle St, Moonee Ponds
Last Listing description (July 2023)
Emmetts and City Link Real Estate are delighted to present 133 Puckle Street, Moonee Ponds for sale by Public Auction on Thursday 27th July at 2:30pm on site.
A prime retail freehold, well positioned in one of Melbourne's strongest and most consistent retail strips, the property offers investors the following features:
+ Prime Puckle Street location, approximately 60 metres from Moonee Ponds Station
+ The strip is anchored by Woolworths, Coles, Kmart and Aldi and is enhanced by its abundance of at-grade convenient shopper car parking in addition to ease of transport via Moonee Ponds Station and nearby tram routes.
+ The strip is also popular with national discretionary retailers due its strong population catchment and lack of nearby competing retail locations.
+ The location has benefitted in recent years from the Moonee Ponds Activity Centre Plan (MPAC) which has encouraged medium and high density development activity immediately surrounding Puckle Street.
+ Key growth statistics forecast within the MPAC Plan (2021) including a forecast 224% growth in population, 96% growth in employment, a increase in demand for retail space of 34,841 sq m and an increase in demand for office space of 194,424 sq m.
+ This growth population and employment is expected to continue to add significantly to local retail expenditure, providing potential for strong retail rental growth along Puckle Street.
+ 133 Puckle Street provide investors with a prime freehold comprised of 137 sq m of land.
+ Single level retail premises of 105 sq m with rear access via laneway.
+ Leased to AJ Barbers on a new 5+5 year lease from February 2023, at a commencing rent of $45,000 pa plus GST & outgoings.
+ Lease provides for fixed annual increase of 4% pa with a market review at the commencement of the further term.
+ The rent reflects a low rate of $428 per sq m providing potential for sustainable rental growth over the medium term.
+ Affordable retail freehold opportunity in a Tier 1 Melbourne retail strip
133 Puckle Street is for sale by Public Auction on Thursday 27th July at 2:30pm.
For further information or to arrange an inspection, please contact the exclusive selling agents.
Property History for 133 Puckle St, Moonee Ponds, VIC 3039
- 27 Jul 2023Sold for $1,085,000
- 06 Jul 2023Listed for Sale Contact Exclusive Agents
- 07 Feb 2023Listed for Sale CONTACT AGENT
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0About Moonee Ponds 3039
The size of Moonee Ponds is approximately 4.4 square kilometres. It has 20 parks covering nearly 17.0% of total area. The population of Moonee Ponds in 2016 was 14250 people. By 2021 the population was 16224 showing a population growth of 13.8% in the area during that time. The predominant age group in Moonee Ponds is 30-39 years. Households in Moonee Ponds are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Moonee Ponds work in a professional occupation.In 2021, 58.90% of the homes in Moonee Ponds were owner-occupied compared with 60.30% in 2016.
Moonee Ponds has 11,066 properties. Over the last 5 years, Houses in Moonee Ponds have seen a 7.69% increase in median value, while Units have seen a 13.96% increase. As at 28 February 2026:
- The median value for Houses in Moonee Ponds is $1,638,406 while the median value for Units is $619,066.
- Houses have a median rent of $685 while Units have a median rent of $550.
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