188-202 Yarra StreetWarrandyte VIC 3113
Property Details for 188-202 Yarra St, Warrandyte
Last Listing description (May 2017)
EXCELLENT INCOME OPPORTUNITY
GormanKelly is delighted to offer 188-202 Yarra Street, Warrandyte for auction scheduled for Friday 17th March at 12 noon, on-site.
This is a rare opportunity: providing a hassle-free, secure investment in an unbeatable high street location with an upside of development potential.
- Three (3) tenancies fully leased to long-term tenants
- Recently extended leases
- Building area 392sqm with 21 on-site car spaces via Mitchell Avenue
- Located in popular Warrandyte retail and tourism precinct
- Currently returning $149,078 net p.a. plus outgoings
- From 31 July 2017, will return $155,182 net per annum plus outgoings
- Suitable for Investors with future potential to develop (STCA)
- Land area 2,698sqm / Zoned Commercial 1
- Great location with public transport metres away, ample street parking and access to retail and tourism sites
188-202 Yarra Street is located in the heart of the Warrandyte's main retail and tourism strip.
The property is across the road from the famous Warrandyte Bakery and 200 metres from the historic Grand Hotel.
Warrandyte is located within the Warrandyte Gorge with the main thoroughfare, Yarra Street, running pretty much parallel to the idyllic mid reaches of the Yarra River.
Located on the fringe of Melbourne's outer north eastern suburbs just beyond Templestowe and Eltham, Warrandyte retains its rural feeling whilst developing a growing population and a thriving local economy.
'Tree Changers' and locals have swelled the Warrandyte population to over 6,000 residents.
These are supplemented by tourists and visitors to what is the closest state park to Melbourne.
Property History for 188-202 Yarra St, Warrandyte, VIC 3113
- 03 Apr 2017Sold for $2,810,000
- 13 Feb 2017Listed for Sale Not Disclosed
- 14 Aug 1999Listed for Sale Not Disclosed
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About Warrandyte 3113
The size of Warrandyte is approximately 17.6 square kilometres. It has 20 parks covering nearly 27.2% of total area. The population of Warrandyte in 2016 was 5502 people. By 2021 the population was 5541 showing a population growth of 0.7% in the area during that time. The predominant age group in Warrandyte is 50-59 years. Households in Warrandyte are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Warrandyte work in a professional occupation.In 2021, 91.00% of the homes in Warrandyte were owner-occupied compared with 90.30% in 2016.
Warrandyte has 2,283 properties. Over the last 5 years, Houses in Warrandyte have seen a 2.38% increase in median value, while Units have seen a 15.59% increase. As at 31 March 2026:
- The median value for Houses in Warrandyte is $1,427,087 while the median value for Units is $877,755.
- Houses have a median rent of $950.
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