Property Details for 374a Keilor Rd, Niddrie
Last Listing description (January 2019)
Knight Frank is delighted to offer For Sale via Auction this securely leased prime retail investment in one of Melbourne s most tightly held and iconic retail strips. This generational property has been in the family for the past 60 plus years and will be brought to market for the very first time, making this one of the North s rarest opportunities. Located on the corner of Matthews Avenue and Keilor Road, its location is without doubt the area s most high profile location.
374 Keilor Road, Niddrie has the following key investment features:
- Secure leases to Blackgrape Accounting, Shiloh Hairdressing and Telstra
- Combined net income of $83,989.12* p.a.
- Annual 3% rental increases
- Building area of 241.5 sqm*, with a land area of 194 sqm*
- ROW access with rear car parking
- Flexible Commercial 1 Zoning
- Medium to long term development upside
- High exposure corner location
- Strategic location to the Essendon Fields and Melbourne International Airport
Niddrie is located only 13km from the Melbourne CBD and has a median house price of $1,080,000 and has had continual growth, so you can be confident this investment will perform well into the future.
The property will be open for inspection on Wednesdays between 10:30am - 11:00am each week, alternatively an inspection can be arranged by appointment.
374 Keilor Road, Niddrie is being sold via a public on-site Auction to be conducted on Friday the 23rd November at 12noon.
Property History for 374a Keilor Rd, Niddrie, VIC 3042
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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.
Suburb Insights for Niddrie 3042
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