324 Wantirna RoadWantirna VIC 3152
Property Details for 324 Wantirna Rd, Wantirna
Last Listing description (January 2016)
GormanKelly is pleased to offer 324 Wantirna Road, Wantirna, for sale by auction on Wednesday 25th November at 12pm onsite.
This is a rare opportunity to purchase a contemporary single storey restaurant/function centre with 50 onsite car spaces.
We believe the most outstanding aspects of this property include:
- Stand-alone restaurant/function centre;
- Onsite car spaces for 50 cars;
- Building area 333m plus outdoor dining area of 86m ;
- Land area 3,133m / Zoned Residential 1;
- Potential return of approximately $110,000 net p.a. plus GST and outgoings;
- Suitable for Investors with future potential to develop (STCA);
- Modern restaurant with kitchen and bar fitout;
- Communication Tower rental for 10 years currently returning $29,747 p.a. net plus GST.
Situated on the western side of Wantirna Road just south of the intersection with Boronia Road and is located approximately 33km east of the Melbourne CBD within the municipality of the Knox City Council. The property is located within close proximity to Eastlink, Knox Private Hospital, Knox City Shopping Centre.
Regular bus services operate outside the property on Wantirna Road and there is a well established demographic in the local area. The property enjoys fantastic exposure and great access from Eastlink, Canterbury Road and Mountain Highway. Located a 5 minute drive from central Ringwood.
Property History for 324 Wantirna Rd, Wantirna, VIC 3152
- 25 Nov 2015Sold for $2,200,000
- 14 Oct 2015Listed for Sale SOLD - $2,200,000
- 10 Jul 2013Listed for Rent - Price not available
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0About Wantirna 3152
The size of Wantirna is approximately 8.3 square kilometres. It has 53 parks covering nearly 16.7% of total area. The population of Wantirna in 2016 was 13818 people. By 2021 the population was 14237 showing a population growth of 3.0% in the area during that time. The predominant age group in Wantirna is 40-49 years. Households in Wantirna are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wantirna work in a professional occupation.In 2021, 76.10% of the homes in Wantirna were owner-occupied compared with 76.40% in 2016.
Wantirna has 6,523 properties. Over the last 5 years, Houses in Wantirna have seen a 33.27% increase in median value, while Units have seen a 7.04% increase. As at 31 January 2026:
- The median value for Houses in Wantirna is $1,245,199 while the median value for Units is $722,575.
- Houses have a median rent of $650 while Units have a median rent of $600.
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