68/31-37 Norcal RoadNunawading VIC 3131
Property Details for 68/31-37 Norcal Rd, Nunawading
Last Listing description (June 2026)
RWC Diston Asset Services is pleased to present the freehold of this exceptionally well presented warehouse for sale via Expressions of Interest.
Currently returning $39,955.51 per annum, with all statutory outgoings paid by the tenant, this property represents a strong and secure investment opportunity.
The reliable long-term tenant is midway through a two (2) year lease (expiring 28 February 2027) with a further two (2) year option, including fixed annual increases should the option be exercised.
The warehouse features container height roller door access, a high clearance warehouse, and well appointed office and meeting spaces across both the ground floor and mezzanine level.
Located within the sought after Industria business park, the property benefits from allocated on-site parking, an on-site café and additional parking along Norcal Road. Its proximity to major Eastern Suburbs arterials, public transport links, and the limited supply of industrial stock in the area ensures consistently strong demand - supporting long term income growth for investors.
• Building area | 207sqm approximately
• Zoning | Industrial 1
• Kitchenette/bathroom amenities
• Professionally presented office fitout
• Three (3) allocated car spaces
• Return | $39,955.51 per annum net
Enquire today to arrange an inspection.
Property History for 68/31-37 Norcal Rd, Nunawading, VIC 3131
- 16 Jun 2026Sold
- 15 Apr 2026Listed for Sale Expressions of Interest
- 30 Jun 2017Sold for $735,900
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About Nunawading 3131
The size of Nunawading is approximately 5.1 square kilometres. There are 23 parks, covering nearly 4.1% of the total area. The population of Nunawading in 2016 was 11876 people. By 2021 the population was 12413 showing a population growth of 4.5% in the area during that time. The predominant age group in Nunawading is 30-39 years. Households in Nunawading are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nunawading work in a professional occupation.In 2021, 66.60% of the homes in Nunawading were owner-occupied compared with 68.10% in 2016.
Nunawading has 7,066 properties. Over the last 5 years, Houses in Nunawading have seen a -4.92% decrease in median value, while Units have seen a 11.35% increase. As at 31 May 2026:
- The median value for Houses in Nunawading is $1,136,489 while the median value for Units is $746,557.
- Houses have a median rent of $660 while Units have a median rent of $580.
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