49 Eramosa Road ESomerville VIC 3912
Property Details for 49 Eramosa Rd E, Somerville
Last Listing description (October 2023)
- Modern sub-regional shopping centre of 16,507sqm* GLA, anchored by a full line Coles Supermarket (3,700sqm*), Target DDS (5,176sqm*) with 4 national mini majors and 26 specialty shops
- Located 50km* from the Melbourne CBD, via the recently completed and highly successful Peninsula Link freeway
- Dominant centre in the region, set to benefit from significant state & federal government investment, fuelling strong population growth
- 70%* of total floor space leased to national Major and Mini Major tenants
- Highly convenient at grade car park for 764 vehicles (4.62cars/100sqm*)
- Strategic multi frontage land holding of 49,890sqm* (4.989ha*)
- Strong depreciation benefits due to high-quality condition and recent construction
- Servicing a vast catchment area of 44,660** people, expected to grow to 50,840** by 2026
- Fully leased Net Income of $3,350,000 pa* with strong growth potential
OFFERS RECEIVED
* Approx **Source MacroPlan Dimasi
Property History for 49 Eramosa Rd E, Somerville, VIC 3912
- 09 Nov 2020Listed for Sale Contact Agent
- 30 Jul 2019Listed for Rent - Price not available
- 24 Jun 2016Listed for Rent - Price not available
Recent sales nearby
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0About Somerville 3912
The size of Somerville is approximately 38.4 square kilometres. There are 30 parks, covering nearly 5.7% of the 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 5,884 properties. Over the last 5 years, Houses in Somerville have seen a 6.12% increase in median value, while Units have seen a 11.70% increase. As at 31 July 2026:
- The median value for Houses in Somerville is $905,289 while the median value for Units is $608,364.
- Houses have a median rent of $650 while Units have a median rent of $560.
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