8 Railway Parade, Highett, VIC 3190

Retail | Offices

Leased

  • Property ID: 423431
  • Floor Area: 182m²
  • Land Area: 347m²
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Leased 16/11/2022 182m2 347m2 N/A
DOUBLE FRONTED RETAIL.

POINT OF INTEREST:

Providing for multiple uses such as retail and commercial this property benefits from its ideal location just 20 metres from the corner of Highett Road retail strip and directly opposite the Highett station. Comprising 132m2 of ground floor retail shopfront situated on a land area of 347m2 with valuable excess rear land, a 50m2 storage shed and rear access. Positioned 16km south-east of Melbourne’s central business district and 2km* from Port Phillip Bay, the property is surrounded by small and major retailers including Woolworths, BWS and Australia Post and multiple high density residential apartment buildings. Major arterials include Nepean Highway, South Road, Bluff Road and Warrigal Road.

- Double fronted building of 132m2* with dual access
- Storage shed comprising 50m2
- Rear yard
- 4-5 car spaces with wide rear lane access
- Situated within Highett retail precinct
- Commercial 1 Zone (CZ1)
- Located 30 metres* from Highett Train Station
- 8.5* metre frontage

POINT OF VIEW:

Highett's revitalised shopping strip is loaded with trendy cafes, buzzing restaurants, award winning butchers and fashionable retail.

*Approx

Additional Information
Features
  • Car Spaces: 4-5
  • Condition: Very Good
  • Floors: Concrete
  • Lifts: N/A
  • Height: 2.7 metres*
  • Car Parking Fees: Nil
Highett Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $5669 $253 4.46%
Retail $5400 $311 5.77%
Industrial $5665 $251 4.43%
This is the average advertised price, rent and yield for Highett, VIC 3190*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.

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™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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