37 Centre RoadVermont VIC 3133
Property Details for 37 Centre Rd, Vermont
Last Listing description (December 2021)
Jones Real Estate is pleased to offer for your consideration, the 'Vermont General Store' located at 37 Centre Road, Vermont.
This set and forget blue-chip passive investment opportunity is leased on an initial ten (10) year term until October 2031, with further options until 2051 and is subject to 3% rental increases annually.
This brand-new corner freehold not only comprises a ground floor retail premises, but is also accompanied by a newly renovated two-bedroom residence, solely leased to the one tenant 'Only Hospitality Group' lead by industry titan, Julien Moussi.
The property is situated in the neighbourly suburb of Vermont an extremely popular choice for young families, offering a variety of primary and secondary schools, retail stores and dining options, as well as a number of recreational parklands and reserves further underpinning the desire for families wanting to call Vermont home.
Key highlights of this securely tenanted blue-chip investment include;
- This blue-chip set and forget investment is securely leased to renowned operator 'Only Hospitality Group' with 20 venues throughout Melbourne - returning $73,500.00 per annum + GST & Outgoings
- An outstanding ten (10) year initial lease over the entire property until October 2031
- Four (4) further optional terms of five (5) years potentially securing the property until 2051
- Secured by a six (6) month bank guarantee and director's guarantee from Julien Moussi, further safeguarding the investment
- Dual story freehold offering 171sqm* of total building area on a 196sqm* Commercial 1 Zoned allotment
- A newly renovated two-bedroom residence occupied and fully leased by the single tenant
- Favourable Commercial 1 Zoning (C1Z) allowing for long term redevelopment^
- Positioned on the doorstep of Boronia Road and Canterbury Road, with convenient access to major arterials including Eastlink, Mitcham Road, Wantirna Road and Mountain Highway
^ Subject to council approval
*approx.
For Sale via Public On-Site Auction Friday 10th December 2021 at 1pm.
For further information please contact the exclusive selling agents.
Property History for 37 Centre Rd, Vermont, VIC 3133
- 10 Dec 2021Sold for $1,520,000
- 19 Nov 2021Listed for Sale Contact Agent
- 25 Nov 2020Sold for $742,500
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About Vermont 3133
The size of Vermont is approximately 4.6 square kilometres. It has 17 parks covering nearly 10.6% of total area. The population of Vermont in 2016 was 10442 people. By 2021 the population was 10993 showing a population growth of 5.3% in the area during that time. The predominant age group in Vermont is 40-49 years. Households in Vermont are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Vermont work in a professional occupation.In 2021, 79.40% of the homes in Vermont were owner-occupied compared with 80.30% in 2016.
Vermont has 4,988 properties. Over the last 5 years, Houses in Vermont have seen a 22.72% increase in median value, while Units have seen a 25.93% increase. As at 28 February 2026:
- The median value for Houses in Vermont is $1,370,548 while the median value for Units is $964,255.
- Houses have a median rent of $660 while Units have a median rent of $630.
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