GROUND FLOOR/740-744 Mt Alexander RoadMoonee Ponds VIC 3039
Property Details for Ground Floor/740-744 Mt Alexander Rd, Moonee Ponds
Last Listing description (August 2022)
WORTH THE PUNT
GO Commercial Industrial is pleased to offer for sale via expressions of interest 740-744 Mt Alexander Road, Moonee Ponds.
This exceptional investment opportunity is prominently located in the heart of Moonee Ponds on the corner of Mt Alexander Road and Dean Street less than 6 kilometres northwest of the Melbourne CBD. This multi-tenanted commercial asset can provide secure income in the medium to long term with significant future development upside with a favourable activity centre 1 zoning.
Modern fully fitted two-level building with basement and 28 car spaces
Features include:
Net annual return: $862,087.33
Anchor tenant: Moonee Valley Racing Club Pty Ltd
Total building area: 2,590 sqm*
Total land area: 1,942 sqm*
Zoning: Activity centre zone (ACZ1)
WALE (by income): 4.48years
High exposure with over 100 metres of combined frontage to Mt Alexander and Dean Street
*Approximately
For further details contact the agents below.
Property History for Ground Floor/740-744 Mt Alexander Rd, Moonee Ponds, VIC 3039
- 12 May 2022Listed for Sale VIA EOI CLOSING THURSDAY 9TH JUNE 2022 AT 5.00PM
- 05 Nov 2021Listed for Sale For Sale $18m+
- 19 May 2021Listed for Sale Contact the selling agents
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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 11,073 properties. Over the last 5 years, Houses in Moonee Ponds have seen a 14.15% increase in median value, while Units have seen a 13.03% increase. As at 31 December 2025:
- The median value for Houses in Moonee Ponds is $1,619,353 while the median value for Units is $621,320.
- Houses have a median rent of $690 while Units have a median rent of $550.
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