41 Homer Street, Moonee Ponds, VIC 3039 | Property Value & History | OnTheHouse
OFF MARKET

41 Homer Street
Moonee Ponds VIC 3039

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 10948m2
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Property Details for 41 Homer St, Moonee Ponds

Building Type
Commercial
Year Built
2018
Land Size
10948m2
Local Government
Moonee Valley
Lot/Plan
S108/PS738832

Last Listing description (January 2020)

Colliers International are pleased to present to market a fully leased state of the art Serviced Apartment development located in the heart of Moonee Ponds.

The property forms part of the Mason Square development and is currently under construction, due for completion in 2019. Providing 97 apartments positioned in the heart of Moonee Ponds, some 6 kilometres from the Melbourne CBD. To be operated under a major franchise brand the hotel is securely leased to an established operator for an initial term of 15 years with 2 further options of 15 years a truly secure investment.


The serviced apartments are ideally located within the Moonee Ponds retail core, in close proximity to all forms of amenity and transport, with the Puckle Street retail strip, Moonee Ponds train station and Moonee Valley Racing course all within walking distance.

Key Investment Highlights include:
97 Serviced Apartments
Securely leased for 15 years with commencing rental of $2,573,600 (ex GST)
Completion due mid 2019
Fixed 3% rental increases with collared market review.
Experienced Lessee operating under global franchise.
39 underground car parks
Ground floor retail, caf and lobby area
Strong depreciation benefits
Potential to individually title apartments

The Moonee Ponds Serviced Apartments are offered for sale via Expressions of Interest closing Thursday 23rd August at 4pm.

For more information please contact the Colliers International exclusive selling agents:

Guy Wells:
+61 405 612 416

Gus Moors
+61 404 005 066

Rob Joyes
+61 418 137 277

*Approx

Property History for 41 Homer St, Moonee Ponds, VIC 3039

A timeline of how this property has performed in the market
Last Sold
$37,000,000
27 Feb 2019
  • 03 Apr 2020
    Listed for Rent $490 / week
  • 26 Mar 2019
    Listed for Sale Please contact agent
  • 27 Feb 2019
    Sold for $37,000,000
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About 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 11,067 properties. Over the last 5 years, Houses in Moonee Ponds have seen a 4.83% increase in median value, while Units have seen a 10.08% increase. As at 31 March 2026:

  • The median value for Houses in Moonee Ponds is $1,590,713 while the median value for Units is $620,586.
  • Houses have a median rent of $725 while Units have a median rent of $560.
There are currently 18 properties listed for sale, and 21 properties listed for rent in Moonee ponds on OnTheHouse. According to Cotality's data, 579 properties were sold in the past 12 months in Moonee ponds.

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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.