7 Macedon Road, Templestowe Lower, VIC 3107

Retail | Medical | Offices

Sold

  • Property ID: 438466
  • Floor Area: 243m²
  • Land Area: 148m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 08/12/2023 243m2 148m2 Contact Agent
Nationally Tenanted Freehold Investment in Thriving Retail Hub

Stonebridge Property Group is pleased to present for sale 7 Macedon Road, Templestowe Lower.

The key highlights of the opportunity include:

- A 100% leased 243 sqm* building with prime retail frontage to Macedon Square

- Positioned on a strategic 148 sqm* C1Z landholding with highly accessible rear lane and surplus land used for on-site car parking

- Anchored by national pizza chain CRUST, on a 5-year lease with four further options through to 2045

- CRUST was founded in 2001 and stands as one of Australia’s most recognisable pizza chains, with 130+ stores throughout Australia

- Medical operator, Heathway Clinic, occupy the Level 1 space on a 5-year lease – Level 1 benefits from street access via Macedon Road

- Ideally positioned at the heart of Macedon Square, a tightly held shopping precinct supported by major supermarkets Woolworths & Aldi

- Macedon Square is bolstered by 130+ public car parks and a number if national retailers, the convenience of the precinct drives 7 day trading conditions and record low,

- Templestowe is a sought-after suburb located 13 km* from the Melbourne CBD with a median house price of $1,375,000.

7 Macedon Road, Templestowe Lower is offered for sale via Public On-site Auction Friday 8th December 2023 at 2:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Nic Hage
0448 782 594

Sarah Xi ???
0468 320 297

Rorey James
0439 400 081

*Approximately

Property Code: 811

Templestowe Lower Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2667 --- ---
Offices $6173 --- ---
Retail $6173 --- ---
This is the average advertised price, rent and yield for Templestowe Lower, VIC 3107*

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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