FOR SALE
Expressions of Interest

1653 Point Nepean Road
Capel Sound VIC 3940

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 166m2
Land area: 170m2
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Deceased Estate - Clean Up With This Investment

RWC Diston Asset services is proud to present this rare opening to secure a beach side retail premises in the heart of Capel Sound shopping precinct to be sold by way of Expressions of Interest.
Outstanding opportunity to clean up for an astute investor/developer to redevelop or enter a longer lease with the sitting tenant.
The property features
• Land area | 170sqm approximately
• Building area | 166sqm approximately
• Zoning | Commercial 1
• Return | $25,344 pa net
• Lease | Three (3) years
• Options | Three (3) years
• Annual CPI reviews
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Property Details for 1653 Point Nepean Rd, Capel Sound

Building Type
Commercial
Floor Size
166m2
Land Size
170m2

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About Capel Sound 3940

The size of Capel Sound is approximately 4.7 square kilometres. It has 9 parks covering nearly 20.5% of total area. The population of Capel Sound in 2011 was 4,580 people. By 2016 the population was 4,947 showing a population growth of 8.0% in the area during that time. The predominant age group in Capel Sound is 80-89 years. Households in Capel Sound are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Capel Sound work in a trades occupation. In 2011, 58.2% of the homes in Capel Sound were owner-occupied compared with 57.9% in 2016.

Capel Sound has 4,223 properties. Over the last 5 years, Houses in Capel Sound have seen a 29.83% increase in median value, while Units have seen a 25.38% increase. As at 30 November 2024:

  • The median value for Houses in Capel Sound is $728,558 while the median value for Units is $609,140.
  • Houses have a median rent of $505 while Units have a median rent of $500.
There are currently 25 properties listed for sale, and 11 properties listed for rent in Capel sound on OnTheHouse. According to CoreLogic's data, 133 properties were sold in the past 12 months in Capel sound.

Suburb Insights for Capel Sound 3940

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Brett Diston
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Ray White Commercial Diston Asset Services
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.