Commercial Property

Unit 28, 1-23 Central Avenue

Altona Meadows VIC 3028, Australia

- Parking
63481 m² Land size
- Internal area

Snapshot

Key points for Unit 28, 1-23 Central Avenue.

  • Estimated market value: $672,500
  • Land size: 63,481 m²
  • Mobile coverage: 5G
  • Estimated market value: $500k (mid‑range estimate)
  • Estimated weekly rent: $440 /week / $520 /week

About this commercial property

Unit 28, 1‑23 Central Avenue is a residential apartment within a 65‑unit multi‑storey complex in Altona Meadows, Victoria. The development occupies a large 6.35 ha site, with the building’s block size noted as approximately 562 m². Owner‑occupancy is high at around 95 % across the complex. Estimated market value for the unit is about $500,000 and potential rental income is in the $440‑$520 per week range

Also written as Unit 28, 1-23 Central Avenue.

Key details

Locality
Altona Meadows
State
VIC
Coordinates
37.87166813 / 144.77605709
GNAF PID
GAVIC410752258
Legal parcel ID
2\PS603160
Remoteness area
Metro
Property type
Commercial
Unit land size
63481 m²
Unit internal area
-
Mobile coverage
5G
Bushfire risk
None detected
Flood risk
None detected
Heritage overlay
None detected
Land Use Category
Commercial

Commercial property information

KFC Laverton
Restaurant
Fast‑food Food & Drink
Not verified / may have moved

Located at 1 Central Avenue, ground‑floor commercial unit of the same development; not the specific unit 28/1.

Reviews

Average rating 2.9 from over 805 reviews.

Subway Altonameadows
Restaurant
Sandwich shop Food & Drink
Not verified / may have moved

Ground‑floor commercial unit at 1 Central Avenue; separate from residential unit 28/1.

Reviews

Average rating 3.5 from over 150 reviews.

SYC – Altona Meadows
Community service
Community Community
Not verified / may have moved

Community/health service located at ground floor of 1 Central Avenue; not the residential unit.

Reviews

Average rating 3.6 from over 30 reviews.

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$515
Expected property value
$672,500
Estimated yield
3.98%
Confidence
High

Based on the comparable property evidence currently available.

Property insights

Building profile

  • 28/1 Central Avenue is a residential unit/apartment within a 65‑unit multi‑storey building (1‑23 Central Avenue) in Altona Meadows, VIC

Property Features

  • Estimated market value: $500k (mid‑range estimate)
  • Estimated weekly rent: $440 /week / $520 /week

Area insights

The surrounding precinct places public transport and civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic
  • Laverton Police Station police station in Hobsons Bay City, Victoria, Australia; 1.1 km away
  • Laverton Post Office post office in Hobsons Bay City, Victoria, Australia; 1.2 km away
  • Laverton railway station in Laverton, Melbourne, Victoria, Australia; 0.9 km away
  • Aircraft railway station in Laverton, Melbourne, Victoria, Australia; 1.4 km away

Real Estate Agencies

Ordered by:
The Agency Group Australia
Ray White Tarneit/Truganina/Point Cook/Laverton/Rockbank
@Realty - National Head Office Australia
Woodards - Ascot Vale, Carlton & Yarraville
Ray White - Werribee
Jas Stephens Real Estate
Established Property Group
Harcourts Werribee
Sweeney Estate Agents - Altona
Jellis Craig Inner West - WILLIAMSTOWN
Ray White - Bundoora
Compton Green - Inner West
One Agency Property Partners
Ray White - ALTONA
Stockdale & Leggo - Laverton/Altona/Point Cook
Barry Plant - Point Cook
Ray White - Williamstown
The Agency - Altona
Mancini Real Estate - Altona
Ray White CRE
* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

Unit 28, 1-23 Central Avenue is described with land size of 63,481 m²

Which police station serves the area around the property?

Laverton Police Station is approximately 1.1 km from the property

What is the nearest railway station to the property?

Laverton railway station is the closest, located about 0.9 km away

What post office is nearest to the property?

Laverton Post Office is about 1.2 km away

What railway station is located near the property besides Laverton?

The Aircraft railway station is roughly 1.4 km distant

Where is Altona Meadows situated relative to Melbourne’s CBD?

Altona Meadows lies about 17 km south‑west of Melbourne’s Central Business District

En.wikipedia.org
What kind of property is this?

Unit 28, 1-23 Central Avenue is listed as Commercial in Altona Meadows, VIC

What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate is $672,500, the calculated weekly rent is $515 per week, and the indicative gross yield is 3.98%

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