1/131 Parkers RoadParkdale VIC 3195
Property Details for 1/131 Parkers Rd, Parkdale
Last Listing description (December 2025)
5% Return on Investment
Presenting a prime retail investment opportunity in the heart of Parkdale, this well-positioned commercial property offers a secure income stream with a reliable tenant in place until at least 19th April 2029.
Property Features:
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Spacious retail unit with a functional layout suitable for various business types.
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Modern façade with large display windows, attracting attention from passers-by with high foot traffic.
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Onsite parking available, providing convenience for both customers and staff.
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Currently leased to an Experienced Boutique Hair Salon.
- 4 Year term in place with no further terms.
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Competitive 5% rental yield, reflecting the property's strong location and tenant covenant.
◈ Total Floor Size: 69 sqm*
◈ Rental: $27,400.00 per annum plus outgoings and GST
◈ Term: Commenced 20th April 2025 4 Years
◈ Car: 1 Car Space
◈ Further Term: NIL
◈ Tenant: Cilla and Dees Studio Pty Ltd
◈ Experienced and Boutique Hair Salon
INSPECTION BY APPROINTMENT - CONTACT AGENTS.
*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.
This estimate of the net internal area of the premises is indicative only and should not be relied upon and is not a substitute for undertaking precise measurements of the premises.
"A vision for tomorrow requires a strategy today. Dive into the future with DBRE."
The core focus of DBRE is industrial, commercial and retail property.
Between us we offer over 100 years’ experience in the commercial and industrial property markets with intricate knowledge of Melbourne's southeast corridor.
Property History for 1/131 Parkers Rd, Parkdale, VIC 3195
- 18 Dec 2025Sold for $500,000
- 16 Jun 2025Listed for Sale Contact Agent
Recent sales nearby
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About Parkdale 3195
The size of Parkdale is approximately 3.6 square kilometres. There are 14 parks, covering nearly 7.2% of the total area. The population of Parkdale in 2016 was 11746 people. By 2021 the population was 12308 showing a population growth of 4.8% in the area during that time. The predominant age group in Parkdale is 40-49 years. Households in Parkdale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parkdale work in a professional occupation.In 2021, 76.00% of the homes in Parkdale were owner-occupied compared with 74.20% in 2016.
Parkdale has 6,260 properties. Over the last 5 years, Houses in Parkdale have seen a 9.05% increase in median value, while Units have seen a 13.33% increase. As at 30 April 2026:
- The median value for Houses in Parkdale is $1,580,639 while the median value for Units is $836,869.
- Houses have a median rent of $788 while Units have a median rent of $550.
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