8 Railway Parade, Highett, VIC 3190

Development/Land | Retail | Offices | Medical

Sold $1,250,000

  • Property ID: 322273
  • Floor Area: 132m²
  • Land Area: 347m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
  • Nearby Parking: Private
  • Cafes: 20+ nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 18/02/2019 132m2 347m2 Contact Agent
Superb Bayside Opportunity!

CVA Property Consultants are pleased to present 8 Railway Parade, Highett for Private Sale.

This tremendous bayside property provides possibility for a vast amount of uses including retail, commercial and future residential development (STCA).

Prominently positioned on Railway Parade just 20 metres* from the corner of the vibrant Highett Road retail strip and directly opposite the main entry to the Highett Train Station, this property comprises 347m2* of Commercial 1 Zoned land with an 8.5 metre frontage to Railway Parade and current improvements of a single level double fronted building of 132m2*.

Conveniently serviced by rear access via Coe Lane and directly opposite the Highett Train Station offering direct access to the Melbourne CBD. Nearby schools include Sandringham College and Sandringham Junior College, close proximity to Woolworths, Sandringham foreshore, and a multitude of cafes, restaurants and retail amenities.

Median Highett Apartment Price: 3 BR $895,000.00

Property Features:
- Double fronted building: 132m2*
- Land area: 347m2*
- Zoning: Commercial 1 Zone
- 4-5 Car spaces with wide rear lane access
- Potential to occupy as two shops

*Approx
Pricing excludes GST.

Additional Information
Features
  • Availability: 30/60/90 Days
  • Zoning: Commercial 1 Zone
  • Suitable Development: See description
  • Permits Issued: Nil
  • Condition: Good
  • Air Conditioning: No
  • Roller Doors: N/A
  • Floors: Concrete
  • Lifts: N/A
  • Sprinklers: N/A
  • Height: 2.7 metres
  • Age: 40 years plus
Outgoings
  • Water Rates: $1,200 plus usage Annually
  • Land Tax: $1,600 Annually
  • Council Rates: $2,600 Annually
  • Owners Corp. / Insurance: TBA
Highett Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $123 ---
Retail --- $123 ---
Industrial $3226 --- ---
This is the average advertised price, rent and yield for Highett, VIC 3190*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 8 Railway Parade, Highett, VIC 3190. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 8 Railway Parade, Highett, VIC 3190. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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