59-61 Betula AvenueVermont VIC 3133
Property Details for 59-61 Betula Ave, Vermont
Last Listing description (August 2022)
POINT OF INTEREST:
Expressions of Interest (EOI) closing next Thursday 16th June at 2pm.
Highly sought after is an understatement. With the previous tenants concluding a 50-year stronghold on the property, a rare opportunity has presented itself to invest in this significant 6,767 sqm* site. Consisting of a 1,974 sqm* industrial facility including a two-level office with connected warehouse, its now ready for refurbishment or demolition to make way for a new development. This hub has generated the kind of success that sparked a number of business estates in Nunawading, Ringwood and Mitcham, however, this exclusive industrial pocket located just off Canterbury Road is the jewel in the crown of this now impossibly scarce real estate. With predominant industrial 3 zoning, plus a vacant site fronting Betula Avenue zoned Neighbourhood Residential Schedule 3, the redevelopment possibilities are as impressively large as the land itself. Located close to the in-demand Trade Place and Rooks Road industrial estates, 59-61 Betula Avenue is ripe to make its mark. As highly connected in network as it is in location, the mere 380m* to Brentford Square shopping centre and 2.1km* to Forest Hill shopping centre will keep your staff well-serviced so they can serve your operations better. Just 2.2km* to Nunawading Station and situated along the 738 bus line it is clear that this propertys ample accessibility mirrors its abundance in value, too.
- Well established and tightly held precinct with limited opportunities to secure prime land.
- Total landholding encompassing 6,767 sqm* across multiple zonings.
- 1,974 sqm* total building area with 952 sqm* double-storey office and 1,022sqm* warehouse.
- Largely Industrial 3 allowing for multiple industrial and/or commercial uses & (part) Neighborhood Residential Zoning (STPA).
- 380m to Canterbury Road and major arterial to Box Hill and the Melbourne CBD.
- Immediate proximity to major inner-metro amenity including Brentford Square Shopping Centre (380m*) housing Woolworths, Australia Post, Chemist Warehouse, Dan Murphys and KFC.
- 1km* to Forest Hill Reserve.
- 2.1km* to Forest Hill Chase Shopping Centre.
- 2.2km* to both Nunawading and Mitcham railway stations.
- 3.2km* to Eastlink.
For further information please contact conjunctional agents CVA Property Consultants and Stonebridge Property Group .
Property History for 59-61 Betula Ave, Vermont, VIC 3133
- 28 Jun 2022Sold for $6,050,000
- 12 May 2022Listed for Sale Contact Agent
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About Vermont 3133
The size of Vermont is approximately 4.6 square kilometres. There are 17 parks, covering nearly 10.6% of the 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 4,987 properties. Over the last 5 years, Houses in Vermont have seen a -5.71% decrease in median value, while Units have seen a 2.89% increase. As at 31 July 2026:
- The median value for Houses in Vermont is $1,210,971 while the median value for Units is $851,064.
- Houses have a median rent of $700 while Units have a median rent of $600.
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