638 High StreetThornbury VIC 3071
Property Details for 638 High St, Thornbury
Last Listing description (November 2024)
- Securely leased retail investment opportunity in the boutique Hive commercial/residential development
- Leased to the very well established Normanby News and Lotto Agency
- Renewed 7 year lease with 2 further options of 7 years to commence 1.11.2024
- The tenant pays all the outgoings
- Fixed 3 percent annual increases
- On-site undercover car space
- Tax Depreciation benefits
For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com
DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.
Property History for 638 High St, Thornbury, VIC 3071
- 08 Nov 2024Sold for $843,000
- 02 Dec 2022Listed for Sale $850,000 - $899,000
- 31 Oct 2015Sold for $540,000
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About Thornbury 3071
The size of Thornbury is approximately 5.1 square kilometres. It has 26 parks covering nearly 13.6% of total area. The population of Thornbury in 2016 was 18568 people. By 2021 the population was 19005 showing a population growth of 2.4% in the area during that time. The predominant age group in Thornbury is 30-39 years. Households in Thornbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Thornbury work in a professional occupation.In 2021, 55.90% of the homes in Thornbury were owner-occupied compared with 53.60% in 2016.
Thornbury has 11,304 properties. Over the last 5 years, Houses in Thornbury have seen a -0.25% decrease in median value, while Units have seen a 6.21% increase. As at 30 April 2026:
- The median value for Houses in Thornbury is $1,453,148 while the median value for Units is $661,523.
- Houses have a median rent of $800 while Units have a median rent of $520.
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