381 Forest Road is home to The Peacock Den that is known for its unique wine and dining experience in the outer east of Melbourne and offered with a secure lease (and options) till 2035.
The property itself, offers a stunning and spacious dining room with open fire, timber floors, full wine bar, commercial kitchen, 4 unisex toilets as well as a 2 bedroom dwelling at the rear of the Restaurant, that offers a lounge, kitchen, full bathroom, laundry and a beautiful undercover decking overlooking the private rear yard.
Currently returning $38,760.00 pa nett, plus outgoings with a set increase to $39,535.32 pa from July 2022, and annual reviews of 2%, this investment is perfect for anybodys portfolio.
For further details and to arrange a private inspection, please telephone Michelle on 0417 361 161.
The size of The Basin is approximately 5.1 square kilometres. It has 11 parks covering nearly 9.0% of total area. The population of The Basin in 2016 was 4416 people. By 2021 the population was 4497 showing a population growth of 1.8% in the area during that time. The predominant age group in The Basin is 30-39 years. Households in The Basin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Basin work in a professional occupation.In 2021, 87.80% of the homes in The Basin were owner-occupied compared with 84.40% in 2016.
The Basin has 1,854 properties. Over the last 5 years, Houses in The Basin have seen a 24.89% increase in median value, while Units have seen a 40.18% increase. As at 31 December 2025:
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