111 Railway ParadeSeaford VIC 3198
Property Details for 111 Railway Pde, Seaford
Last Listing description (April 2026)
The investment opportunity youve been waiting for, this dynamic commercial freehold property delivers immediate returns along with exciting development potential for a mixed-use residential and commercial project of up to three levels (STCA).
Currently leased by the Same Operator for the Last 10 Years. The current Lease term is 4 years and an additional Option of a further 5 Years (9 years in total). The property generates a Great Rental Return Per Annum plus fixed increases plus all outgoings.
With Commercial 1 zoning, the site has previously been granted approval for an additional two storys, with 4 x two-bedroom apartments (re-approval required to proceed).
Features:
* Commercial freehold property of approx. Land 223sqm.
* Shop Front Retail Space @110m2
* Currently tenanted for 9 years (4 + 5yr option).
* Great Rental Returns plus all outgoings paid by Tenant.
* Commercial 1 zoning and mixed use with Residential.
* Development potential to build up to three levels commercial/residential use (STCA).
* Prior approval was given for two more levels including four x 2-bedroom apartments (re-approval required to proceed).
* Ample car parking to the front plus rear laneway access.
* Neighbouring retailers include an IGA X-Press, Reece & Coffee Train coffee shop.
* Well-serviced by bus routes and walk to Seaford Train Station and beach.
* Great exposure in established area.
Property History for 111 Railway Pde, Seaford, VIC 3198
- 27 Apr 2026Listed for Sale $780,000 - $858,000
- 26 Sep 2024Listed for Sale $790,000 - $840,000 Contact Agent 0413743876
- 22 Jun 2018Sold for $550,000
Recent sales nearby
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0About Seaford 3198
The size of Seaford is approximately 12.5 square kilometres. It has 35 parks covering nearly 24.3% of total area. The population of Seaford in 2016 was 16463 people. By 2021 the population was 17215 showing a population growth of 4.6% in the area during that time. The predominant age group in Seaford is 30-39 years. Households in Seaford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Seaford work in a professional occupation.In 2021, 62.90% of the homes in Seaford were owner-occupied compared with 62.60% in 2016.
Seaford has 10,709 properties. Over the last 5 years, Houses in Seaford have seen a 16.21% increase in median value, while Units have seen a 26.27% increase. As at 30 April 2026:
- The median value for Houses in Seaford is $936,158 while the median value for Units is $696,267.
- Houses have a median rent of $600 while Units have a median rent of $523.
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