Property Details for 680 High St, Thornbury
Last Listing description (May 2021)
Future Development and Growth
POINT OF INTEREST
Landmark future development opportunity, situated within the vibrant city fringe northern suburbof Thornbury.
This unique future residential or commercial development (STCA) offers generous street frontage of 18 metres* to High Street and 32 metres* to Raleigh Road plus a rear lane way providing vehicle parking and access.
This former bank building comprises a two level brick building of 375m2* on a total landholding of 576m2*. The property benefits from a dual tenancy including the Commonwealth Bank of Australia ATM and Women's Health in the North Inc. with a combined rental income of $70,500.00 per annum.
The Property
- Two level brick building area of 375m2*
- Total land area 576m2*
- 18 metre* frontage to High Street
- 32 metre* frontage to Raleigh Road
- 18 metre frontage to Rear access lane way
The Income
- Tenant One: Women's Health in the North Inc
- Commencement Date: 1st July 2020
- Term: Three (3) years with no further option
- Rent: $63,000.00p.a. plus GST*
- Reviews: annual 3%
- Tenant Two: Commonwealth Bank of Australia - ATM
- Commencement date: 1st March 2019
- Term: Two (2) years
- Rent: $7,500.00 p.a. plus GST*
The Opportunity
- Commercial 1 zoning
- Neighbouring residential developments range between 5 - 8 levels*
- Close proximity to public transport - 600 metres * to Thornbury Train station & the 86 Tram at your doorstep
- Public services including Thornbury early learning centre, Penders Park, Henderson Park, Sir Nicholls Sporting Complex and schools within walking distance.
POINT OF VIEW
More than meets the eye. Three street fronted development opportunity in Melbourne northern city fringe.
For further information please contact CVA Property Consultants.
*Approx.
Pricing excludes GST
Property History for 680 High St, Thornbury, VIC 3071
- 02 Mar 2020Listed for Sale Contact Agent
Recent sales nearby
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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 11,332 properties. Over the last 5 years, Houses in Thornbury have seen a 5.71% increase in median value, while Units have seen a 17.77% increase. As at 31 March 2026:
- The median value for Houses in Thornbury is $1,498,058 while the median value for Units is $689,741.
- Houses have a median rent of $800 while Units have a median rent of $500.
Suburb Insights for Thornbury 3071
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