150 Union Road, Surrey Hills, VIC 3127

Retail | Showrooms | Medical

For Sale

  • Property ID: 447178
  • Floor Area: 291m²
  • Land Area: 231m²
  • Occupancy: Vacant
UNION ROADS MAIN CHARACTER RETAIL + RESIDENTIAL FREEHOLD.

POINT OF INTEREST:

A golden mixed-use property package has the East’s investors, developers, and owner-occupiers already getting their ducks in a row. Sitting proudly amongst Union Road’s local fair, this rare freehold features a ground-floor retail space and a first-floor residence with 3 bedrooms, and its own separate access. Saville Row Prestige Dry Cleaners have traded, and owner occupied the retail space for over 40 years, whilst the dwelling — which was constructed renovated in 2000 — is also available with vacant possession or could be leased at its recently appraised rental amount of $700 per week. There’s natural gas and a substantial power supply, as well as rear ROW access for on site car parking plus a secure double garage or workspace. The location is as connected as a suburb’s busiest strip could be. You’re within walking distance of the new Union railway station and Coles Local, with Canterbury Road nearby and a range of bus stops.

- 291 sqm* Total building area.
- 231 sqm* Total land area.
- 3-bedroom dwelling with kitchen, lounge, and 24sqm* balcony.
- 2-4 on-site car spaces in a secure double garage with rear ROW access.
- Residential car parking permit for nearby Croydon Road
- Commercial 1 zoning.
- 1 minute * to the new Coles Local.
- 4-minute walk to the new Union Railway station.
- 5 minutes* walk to Canterbury Road.

POINT OF VIEW:

A sizeable site only made more grand by the tightly-held nature of this retail strip, the opportunity to occupy, invest, or develop in Surrey Hills is the most strategic move you’ll make this decade.


*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Car Spaces: 2-4 allocated on site, plus Residential car parking permit
  • Condition: Very good
  • Air Conditioning: Yes
  • Floors: Concrete / Timber
  • Lifts: NA
  • Height: Various
  • Age: Various
  • Car Parking Fees: NA
Outgoings
  • Water Rates: $294.91
  • Land Tax: $4,350.00 (Single holding - 2024)
  • Council Rates: $3,735.25
  • Owners Corp. / Insurance: NA
Surrey Hills Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $415 ---
Retail $6186 --- ---
Industrial --- $122 ---
This is the average advertised price, rent and yield for Surrey Hills, VIC 3127*

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.
Floorplans

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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