1-5/1376 Murradoc RoadSt Leonards VIC 3223
Property Details for 1-5/1376 Murradoc Rd, St Leonards
Last Listing description (May 2025)
This exceedingly rare investment opportunity in the highly sought after retail hub of St Leonards boasts significant land content and genuine development potential (STCA). Key features include:* Five commercial premises with secure leases underpinning future growth potential* Option to purchase individual shops - call to discuss* Zoned Commercial 1 Zone with adjacent 3-storey mixed commercial/residential development currently under construction* Site comprises 1,082m2 (approx.) with 37.7m combined frontage* 695m2 (approx.) commercial shop space supported by five titled car-spaces at rear of allotment* Highly connected through major arterial roads and immediate access to Vic Public Transport bus service* Ideally located amongst the vibrant retail hub of St Leonards on Murradoc Road with immediate proximity to an abundance of retail, commercial and recreational infrastructureCommercial premises are rare within the St Leonards township and this freehold opportunity offers a chance to gain access to a significant retail holding in the thriving St Leonards shopping hub. This offering provides an exciting opportunity to influence the future direction of the St Leonards retail centre and is truly a once in a lifetime opportunity.
Property History for 1-5/1376 Murradoc Rd, St Leonards, VIC 3223
- 21 Sep 2024Listed for Sale $2,250,000 Plus GST if applicable
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0About St Leonards 3223
The size of St Leonards is approximately 28.5 square kilometres. It has 13 parks covering nearly 9.9% of total area. The population of St Leonards in 2016 was 2480 people. By 2021 the population was 3542 showing a population growth of 42.8% in the area during that time. The predominant age group in St Leonards is 60-69 years. Households in St Leonards are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in St Leonards work in a professional occupation.In 2021, 73.30% of the homes in St Leonards were owner-occupied compared with 71.60% in 2016.
St Leonards has 5,635 properties. Over the last 5 years, Houses in St Leonards have seen a 15.89% increase in median value, while Units have seen a -0.57% decrease. As at 31 March 2026:
- The median value for Houses in St Leonards is $781,799 while the median value for Units is $504,770.
- Houses have a median rent of $510 while Units have a median rent of $430.
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