1635 Main RoadResearch VIC 3095
Property Details for 1635 Main Rd, Research
Last Listing description (April 2023)
CBRE is pleased to offer 1635 Main Road, Research for sale via Expressions of Interest closing Wednesday 8th June 2022 at 3pm AEST.
The site is being offered for sale for the first time in 47 years and represents a unique opportunity to purchase the only significant industrial land parcel in Research.
Located on the main road in the tightly held Research Industrial Precinct, the site sits only 3.5km* to Eltham's town centre and benefits from being surrounded by a large residential catchment as well as sitting on the doorstep of the Yarra Valley. The property's location will be further enhanced with the forthcoming North East Link, providing greater access to Melbourne's CBD and the eastern suburbs.
Property features include:
+ Total land area: 5,438sqm*
+ Total building area: 404sqm*
+ Well fitted internal office space
+ Main road exposure
+ Fully fenced secure yard
+ Two full size roller doors
+ Secure area for unloading and container storage
+ Excellent long term development potential
+ Industrial 3 zone
+ Long term secure tenant
Lease Details;
+ Tenant: Indigenous Design Environmental Services
+ Lease expiry: July 2027
+ Current rent: $70,445.64 per annum increasing to $76,187.04** from August 1st
+ Security Deposit: $13,000 + GST
+ Annual increases: CPI
For further information, please contact the exclusively listed CBRE agents.
*approx.
**based upon 3% CPI
Property History for 1635 Main Rd, Research, VIC 3095
- 15 Jun 2022Sold for $3,280,000
- 04 May 2022Listed for Sale Contact Agent
- 25 Jun 2019Transferred
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0About Research 3095
The size of Research is approximately 8.9 square kilometres. It has 11 parks covering nearly 5.5% of total area. The population of Research in 2016 was 2649 people. By 2021 the population was 2695 showing a population growth of 1.7% in the area during that time. The predominant age group in Research is 50-59 years. Households in Research are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Research work in a professional occupation.In 2021, 91.60% of the homes in Research were owner-occupied compared with 89.60% in 2016.
Research has 1,160 properties. Over the last 5 years, Houses in Research have seen a 7.23% increase in median value, while Units have seen a 4.97% increase. As at 31 March 2026:
- The median value for Houses in Research is $1,422,457 while the median value for Units is $882,523.
- Houses have a median rent of $550 while Units have a median rent of $495.
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