137 Shoreham Road, Red Hill South, VIC 3937

Retail

Sold Contact Agent

  • Property ID: 429255
  • Floor Area: 576m²
  • Land Area: 1680m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 576m2 1680m2 Contact Agent
Red Hill Village Shopping Centre

Auction Location: On-Site

Red Hill Village Shopping Centre is being offered for sale for the first time in 26 years.

The 7 individually titled and leased shops are being sold in one line, you don't want to miss this generational investment opportunity.

The property occupies a central location among wineries and boutique accommodation with numerous produce-based tourism and hospitality venues nearby.

This tightly held location is zoned C1Z with access from both Shoreham Road and Baynes Road to onsite car parking.

Total annual income $117,194.88 plus GST and outgoings. Rental increase pending 01/06/2023.

The land is approximately 1680m2 with a building area of approximately 576m2.

Note: Shops 5 and 6 are currently occupied by the Red Hill Cafe and Wine Bar.

*Boundaries are approximate.

Red Hill South Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6076 --- ---
Industrial $2791 --- ---
This is the average advertised price, rent and yield for Red Hill South, VIC 3937*

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

Days on Market data for Retail in VIC for Sale

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:

  • 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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