4A/42 Lochiel Avenue, Mount Martha, VIC 3934 | Property Value & History | OnTheHouse
OFF MARKET

4A/42 Lochiel Avenue
Mount Martha VIC 3934

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 85m2
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Property Details for 4a/42 Lochiel Ave, Mount Martha

Building Type
Commercial
Land Size
85m2
Local Government
Mornington Peninsula
Lot/Plan
6/SP21645

Last Listing description (June 2018)

San Marco of Mount Martha
Cameron is proud to present two of Mount Martha s truly iconic blue chip commercial properties. Investment opportunities of this nature and quality are seldom seen.
San Marco occupies Mount Martha Village s prime corner block with maximum exposure to the Esplanade, Watsons Road and Lochiel Avenue.

Comprising of two properties to be sold separately, take one or both for an investment that will grow before your eyes.
The buildings are currently leased to established, high profile Mount Martha tenants with details as follows:
4/42 Lochiel Avenue - Bonaccorde
- Returning $89,720pa + GST + outgoings as at July 2018
- Total lettable area of 73sqm
- Long term lease with options
- 4% Annual rental increases
- Secured with bond & Directors guarantees
4A/42 Lochiel Avenue - Mr Curtis
- Returning $68,334pa + GST + outgoings as at July 2018
-Total lettable area of 115sqm
- 5x5x5x5 year Lease
- 4% Annual rental increases
-Secured with bond & Directors guarantees
Investments that excite come few and far between, don t miss out on an opportunity to own San Marco.

Property History for 4a/42 Lochiel Ave, Mount Martha, VIC 3934

A timeline of how this property has performed in the market
Last Sold
$617,500
01 Dec 2023
  • 01 Dec 2023
    Sold for $617,500
  • 20 Apr 2018
    Sold for $1,600,000
  • 08 Mar 2018
    Listed for Sale Not Disclosed
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About Mount Martha 3934

The size of Mount Martha is approximately 30.3 square kilometres. There are 43 parks, covering nearly 11.5% of the total area. The population of Mount Martha in 2016 was 18548 people. By 2021 the population was 19846 showing a population growth of 7.0% in the area during that time. The predominant age group in Mount Martha is 10-19 years. Households in Mount Martha are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Martha work in a professional occupation.In 2021, 84.20% of the homes in Mount Martha were owner-occupied compared with 82.40% in 2016.

Mount Martha has 9,670 properties. Over the last 5 years, Houses in Mount Martha have seen a 6.10% increase in median value, while Units have seen a 10.72% increase. As at 30 April 2026:

  • The median value for Houses in Mount Martha is $1,459,176 while the median value for Units is $840,028.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 35 properties listed for sale, and 5 properties listed for rent in Mount martha on OnTheHouse. According to Cotality's data, 458 properties were sold in the past 12 months in Mount martha.

Suburb Insights for Mount Martha 3934

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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.