2/372 Keilor RoadNiddrie VIC 3042
Property Details for 2/372 Keilor Rd, Niddrie
Last Listing description (November 2023)
Situated alongside thriving independent retailers and services such as Australia Post along with a smorgasbord of eateries, this securely-tenanted shopfront is an exciting opportunity for commercial investors to buy boasting a welcome yield of 5.5% approx. in the bustling inner north.
Offering an approx 113sqm space, the layout is a simple zoned store currently leased to Rose & Anchor Tattoo and as such set up for personal service with fitted sinks, an office space plus kitchenette and WC at the rear.
Leased until September 2026 and returning approx. $52,200 per annum, this is a great chance to take over the property and reap the rewards of the sound investment.
Securely leased retail premises of approx 113sqm
Leased to Rose & Anchor Tattoo until September 2026 with a further option of 5 years
Currently returning $52,200 p.a. (approx)
Busy section of Keilor Road with a 4.3m Shop Front Exposure
Zoned store set up for personal services
Sinks, kitchenette, office space and WC
Serviced by public transport incl. Number #59 tram
Near Calder Freeway and Citylink
Property History for 2/372 Keilor Rd, Niddrie, VIC 3042
- 26 Jul 2023Listed for Sale Contact Agent
- 31 Aug 2007Sold for $725,000
- 26 May 2006Listed for Sale 780000
Recent sales nearby
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About Niddrie 3042
The size of Niddrie is approximately 1.9 square kilometres. It has 10 parks covering nearly 5.5% of total area. The population of Niddrie in 2016 was 5479 people. By 2021 the population was 5901 showing a population growth of 7.7% in the area during that time. The predominant age group in Niddrie is 40-49 years. Households in Niddrie are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Niddrie work in a professional occupation.In 2021, 74.70% of the homes in Niddrie were owner-occupied compared with 73.00% in 2016.
Niddrie has 3,191 properties. Over the last 5 years, Houses in Niddrie have seen a 14.54% increase in median value, while Units have seen a 9.61% increase. As at 31 March 2026:
- The median value for Houses in Niddrie is $1,352,065 while the median value for Units is $777,854.
- Houses have a median rent of $650 while Units have a median rent of $650.
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