430-434 Neerim RoadMurrumbeena VIC 3163
Property Details for 430-434 Neerim Rd, Murrumbeena
Last Listing description (March 2019)
A TRIPLE TREAT
High Profile Building
Significant Refurbishment/ Redevelopment potential
Land Area: 796 sqm (approx.) with Three Street Frontages
First Time Offered in Over 80 Years
Beller Commercial has the pleasure in offering one of Murrumbeena s more significant and high-profile redevelopment opportunities, 430-434 Neerim Road, Murrumbeena.
This former and long-time supermarket is offered with vacant possession allowing the new owner to unlock the full potential of the property. The building itself while in fair condition is expansive and spread over two levels. It lends itself to refurbishment to create a new retail and commercial offering over one or multiple tenancies and would suit either owner occupiers, developers or investors.
The site is almost unrepeatable with three street frontages providing in excess of 78 metres exposure. Sites like this are rare and offer brilliant natural light to any future redevelopment. A feasibility study has been completed that shows a potential 6 levels.
Package all this into the outstanding location that is in one of the South Eastern Suburb's most enviable locations and you get a very real opportunity to own and transform a significant parcel and make it your own. Whether you decide to refurbish or totally redevelop, Beller Commercial highly recommends your serious consideration.
Property History for 430-434 Neerim Rd, Murrumbeena, VIC 3163
- 08 Mar 2019Sold - Price Undisclosed
- 01 Feb 2019Listed for Sale Not Disclosed
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About Murrumbeena 3163
The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2016 was 9926 people. By 2021 the population was 9996 showing a population growth of 0.7% in the area during that time. The predominant age group in Murrumbeena is 30-39 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation.In 2021, 61.60% of the homes in Murrumbeena were owner-occupied compared with 59.50% in 2016.
Murrumbeena has 5,775 properties. Over the last 5 years, Houses in Murrumbeena have seen a 0.08% increase in median value, while Units have seen a -6.41% decrease. As at 31 March 2026:
- The median value for Houses in Murrumbeena is $1,604,502 while the median value for Units is $587,089.
- Houses have a median rent of $770 while Units have a median rent of $500.
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