Ride Subway to excellent security, exceptional returns and expected growth. Centred at the entry to the areas major shopping precinct, this Somerville Plaza shopfront will drive your portfolio with an excellent long-term tenant, a well-structured lease and a premier position in one of Melbournes fastest-growing outer suburbs.
Key Features;
*Approx 70sqm floorspace
Unparalleled security, returns and growth in one of Melbournes fastest growing suburbs.
Disclaimer: The information contained in this website has been prepared by Missell Property Group Pty Ltd (the Company) and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Due Diligence Checklist https://www.consumer.vic.gov.au/duediligencechecklist
The size of Somerville is approximately 38.4 square kilometres. It has 30 parks covering nearly 5.7% of total area. The population of Somerville in 2016 was 11336 people. By 2021 the population was 11767 showing a population growth of 3.8% in the area during that time. The predominant age group in Somerville is 50-59 years. Households in Somerville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Somerville work in a trades occupation.In 2021, 79.80% of the homes in Somerville were owner-occupied compared with 77.30% in 2016.
Somerville has 5,860 properties. Over the last 5 years, Houses in Somerville have seen a 18.73% increase in median value, while Units have seen a 14.89% increase. As at 30 April 2026:
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