RETAIL WITH UPSIDE! - OCCUPY OR DEVELOP?
A TRULY UNIQUE OPPORTUNITY IS AVAILABLE IN THIS THORNBURY RETAIL PRECINCT WITH THE OFFERING OF A DOUBLE-FRONTED RETAIL PREMISES ENJOYING AN 11 METRE FRONTAGE TO HIGH STREET. SITUATED ON TWO TITLES WITH AN OVERALL LAND AREA OF APPROXIMATELY 411 SQUARE METRES, THE SITE IS LOCATED DIRECTLY OPPOSITE THE ICONIC THORNBURY THEATRE AND IS WITHIN A RETAIL PRECINCT ENJOYING A TREMENDOUS RESURGENCE CONSISTING OF VIBRANT NEW BUSINESSES, TOGETHER WITH SEVERAL RE-DEVELOPMENTS INCORPORATING RESIDENTIAL/RETAIL IN THE IMMEDIATE AREA. THE CURRENT FLOOR PLAN, WITH A BUILDING AREA OF APPROXIMATELY 241 SQUARE METRES, ALLOWS A VARIETY OF BUSINESSES TO ENJOY THE SITE'S PERIOD FEATURES WITH THE POTENTIAL AT A LATER STAGE TO FURTHER RE-DEVELOP INTO A MULTI-STOREY RESIDENTIAL/COMMERCIAL DEVELOPMENT (STCA). A REAR RIGHT-OF-WAY PROVIDES ADDITIONAL SCOPE FOR THE ASTUTE PURCHASER TO ACQUIRE THIS RETAIL SITE WITH TREMENDOUS UPSIDE, ONLY 10 KILOMETRES NORTH OF MELBOURNE'S CBD. CONTACT: PAUL EVANS 0408 144 181 - TIM MITCHELL 0417 339 986 - DIETMAR GREGORY 0422 402 545 TERMS: 10% DEPOSIT, BALANCE 30/60/90 DAYS. PAUL EVANS : 0408 144 181
The size of Thornbury is approximately 5.1 square kilometres. There are 26 parks, covering nearly 13.6% of the 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 11,363 properties. Over the last 5 years, Houses in Thornbury have seen a -7.30% decrease in median value, while Units have seen a 11.77% increase. As at 31 July 2026:
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