96-98 Union Road,
Surrey Hills, VIC 3127

Offices • Development Sites & Land • Other

Key property information

Land area

Floor area

Parking info

Property extent

Zoning

Tenure type

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Map of 96-98 Union Road

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CALLING ALL DEVELOPERS, ASTUTE INVESTORS AND OWNER OCCUPIERS!

APPROVED PLANS & PERMIT
FUTURE DEVELOPMENT UPSIDE
FLEXIBLE INVESTMENT OPPORTUNITY

This outstanding investment opportunity in the heart of the Union Road retail strip will suit a range of uses for those wishing to occupy the building, and also offer multiple tenancy/configurations for the astute investor. The property is ready to go for a developer with plans and permits already in place.

•Currently 244sqm* of office space leased to two individual tenants
•Returning $61,981.32* nett p.a.
•Approved plans and permit for 8 luxurious apartments and one shop/office
•Zoning: Commercial 1
•Land Area: 388sqm*
•Rear access with ample parking/excess land

*approx

Surrey Hills, 3127 demographic data

The median household income for Surrey Hills is $2,503, 32% higher than Greater Melbourne's household income of $1,901. Surrey Hills has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 45% of property owners in Surrey Hills have a mortgage.

13,655

Population

$2,503 per week

Median household income

42 years

Median age

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Most residents

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