1/1569 Burwood HighwayTecoma VIC 3160
Property Details for 1/1569 Burwood Hwy, Tecoma
Last Listing description (October 2024)
Investment opportunity!
Main Road access in thriving suburb!
OBrien Real Estate Tecoma is pleased to offer 1/1569 Burwood Hwy, Tecoma to the market for sale.
Excellent opportunity to purchase this well-located premise. This shop which is 71m2 appx in size is currently leased at annual rental of $18,040 per annum plus outgoings. This site offers both investors and own occupiers the opportunity to either invest or occupier at end of lease term.
Attributes of the property include:
Commercial 1 Zone (C1Z)
Currently set up as an open work space but lends itself to many other options i.e. consulting rooms, an expanding home business etc.
Open plan design with high ceilings creating a feeling of space & adding natural light
Kitchenette
New Hot water service
Separate toilet
Split system heat/cooling plus ceiling fans
Alarm
Landscaped common areas
Onsite parking available
Walking distance to both Tecoma & Belgrave Train Stations + local shops
Contact us today to make a time to view and secure this brilliant opportunity!
Property History for 1/1569 Burwood Hwy, Tecoma, VIC 3160
- 17 May 2024Sold for $365,000
- 02 May 2024Listed for Sale $365,000 to $400,000
- 20 Oct 2021Listed for Rent $17,340 / month
Recent sales nearby
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0About Tecoma 3160
The size of Tecoma is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.4% of total area. The population of Tecoma in 2016 was 2082 people. By 2021 the population was 2064 showing a population decline of 0.9% in the area during that time. The predominant age group in Tecoma is 50-59 years. Households in Tecoma are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tecoma work in a professional occupation.In 2021, 81.90% of the homes in Tecoma were owner-occupied compared with 79.60% in 2016.
Tecoma has 1,006 properties. Over the last 5 years, Houses in Tecoma have seen a 22.76% increase in median value, while Units have seen a 28.12% increase. As at 28 February 2026:
- The median value for Houses in Tecoma is $958,712 while the median value for Units is $671,442.
- Houses have a median rent of $425 while Units have a median rent of $340.
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