114 Union RoadSurrey Hills VIC 3127
Property Details for 114 Union Rd, Surrey Hills
Last Listing description (July 2026)
SOLDSavills is delighted to present For Sale 114122 Union Road, Surrey Hills, a multi-faceted investment opportunity comprising six (6) tenancies on a single title, with significant future development potential (STCA).The property boasts proximity to Union Train Station, Melbournes elite private schools, Box Hill Central Shopping Centre and exceptional transport infrastructure.Strategically positioned on a prime high profile corner site within the bustling Union Road retail precinct. The property benefits from outstanding exposure, significant income and is surrounded by an abundance of local amenity, making it an ideal proposition for investors or developers.Key attributes of the property include: Outstanding opportunity to purchase 5 shops and a studio on 1 title with income Estimated fully leased rental of $185,206 per annum plus GST and outgoings Significant corner land holding of 829m2* with 3 street frontages Flexible Commercial 1 zoning with future potential for a multi-level residential or commercial development (STCA) High profile location in the thriving Union Road retail precinct Opposite Union Train Station (Belgrave and Lilydale lines) and Bus terminal A diverse range of local amenity is located at your doorstep with numerous Cafes, Restaurants, Coles, Liquorland, Aust Post, Terry White Chemist and Bendigo Bank*ApproximateFor further information please contact:Tim Grant - 0478 666 275
Property History for 114 Union Rd, Surrey Hills, VIC 3127
- 29 Jun 2026Sold
- 26 May 2026Listed for Sale Contact the Savills team Today
- 15 Aug 2025Listed for Sale Contact the Savills team Today
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0About Surrey Hills 3127
The size of Surrey Hills is approximately 4.4 square kilometres. There are 13 parks, covering nearly 3.4% of the total area. The population of Surrey Hills in 2016 was 13605 people. By 2021 the population was 13655 showing a population growth of 0.4% in the area during that time. The predominant age group in Surrey Hills is 50-59 years. Households in Surrey Hills are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Surrey Hills work in a professional occupation.In 2021, 76.50% of the homes in Surrey Hills were owner-occupied compared with 76.30% in 2016.
Surrey Hills has 7,005 properties. Over the last 5 years, Houses in Surrey Hills have seen a -6.55% decrease in median value, while Units have seen a 2.08% increase. As at 31 May 2026:
- The median value for Houses in Surrey Hills is $2,156,638 while the median value for Units is $923,219.
- Houses have a median rent of $925 while Units have a median rent of $623.
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