2/21-23 Capella CrescentMoorabbin VIC 3189
Property Details for 2/21-23 Capella Cres, Moorabbin
Last Listing description (May 2025)
Packaging up a good tenant, long lease and strong return, this affordable warehouse provides the complete package for carefree commercial investment. Maintained in excellent condition across the years, this honest older-style factoryette is leased to a good long-term tenant and used only for clean warehousing applications. Leased until 2024 with on-going options inviting occupation until 2029, this is the ultimate set and forget investment!
- Affordable entry to commercial investment in a Bayside-adjacent position
- Total 223sqm* floorspace
- Clear span warehouse space with high-clearance door
- Dual WC facilities & kitchenette
- 2 car spaces on-title
- Easy access via a wide off-street apron
- Leased until 2024 at $25,132 per annum with annual 3% increases
- One further term of 5 years inviting occupation until 2029
- Just beyond the boundaries of Bayside at the gateway to major road routes
- One of the southern suburbs fastest evolving locales
- Premier destination for small manufacturing, warehouse and trade businesses
- Evolving commercial landscape amongst gyms, breweries, cafes and retail business
- Close to the dynamic new hospitality, business and workspaces of Morris Moor
- Easily accessible to major arterials; close to Dingley By-Pass & Warrigal Rd to M1
Make an easy entry to commercial investment in the area you know. Add an affordable option to diversify a growing portfolio. Package up this carefree commercial investment .and find perfect peace of mind.
For further details and inspections, contact the selling agents now!
*NB: All prices exclude GST unless otherwise stated and all sizes are approximate.
Property History for 2/21-23 Capella Cres, Moorabbin, VIC 3189
- 18 Jul 2022Sold for $670,000
- 11 Jul 2022Listed for Sale 675000
- 03 Apr 2019Listed for Sale POA
Recent sales nearby
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About Moorabbin 3189
The size of Moorabbin is approximately 4.6 square kilometres. There are 5 parks, covering nearly 4.2% of the total area. The population of Moorabbin in 2016 was 5895 people. By 2021 the population was 6287 showing a population growth of 6.6% in the area during that time. The predominant age group in Moorabbin is 30-39 years. Households in Moorabbin are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Moorabbin work in a professional occupation.In 2021, 68.00% of the homes in Moorabbin were owner-occupied compared with 68.80% in 2016.
Moorabbin has 5,757 properties. Over the last 5 years, Houses in Moorabbin have seen a -16.98% decrease in median value, while Units have seen a 11.40% increase. As at 31 August 2026:
- The median value for Houses in Moorabbin is $1,167,506 while the median value for Units is $775,864.
- Houses have a median rent of $793 while Units have a median rent of $650.
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