Ballara, 1435 Main Road, Eltham, VIC 3095

Development/Land

Sold

  • Property ID: 437295
  • Land Area: 13105m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 23/11/2023 N/A 13105m2 Contact Agent
Wedding Reception Landholding Backed by Strong Improvements & Income

Stonebridge Property Group is pleased to present for sale Ballara, 1435 Main Road, Eltham.

The key highlights of the opportunity include:

- Strong existing improvements including a fully licensed reception centre & 2 residential houses operating as a wedding and reception venue

- 13,105 sqm* landholding zoned General Residential with a total frontage of 58 m* to Main Road

- Surrounded by retail amenity featuring a FoodWorks and Australia Post (500 m*) with more substantial retail options including Main Road shopping strip anchored by Woolworths, Coles, Dan Murphy’s & Chemist Warehouse (2.5 km*)

- Highly regarded as one of Melbourne's best wedding venues having achieved many accolades including the 5 Star Award (Wedding Diaries & Easy Weddings)

- Suitable for multiple development outcomes with a limited supply of residential development sites of this scale

- 1.5 km* from Eltham College and 170 m* from Research Park / Main Road bus stop allowing connectivity to surrounding suburbs

- Within walking distance to numerous parklands including Research Park (200 m*) & Yarramie Reserve (700 m*)

- Leased until December 2024 plus varying residential leases for the two existing residential premises

- Flexible 12-18 months settlement terms available

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Max Warren
0488 296 892

Chao Zhang
0411 625 068

Jacob Biviano
0416 088 586

* Approximate

Property Code: 767

Eltham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $909 ---
Industrial --- $133 ---
Offices $5195 --- ---
This is the average advertised price, rent and yield for Eltham, VIC 3095*
* 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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