FOR SALE
$1,250,000

62, 64, 66, 68, 70 Rankin Avenue
Sunshine North VIC 3020

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2895m2
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Exciting Large Allotment Of Land On A Corner Site In An Up-And-Coming Location

This large titled allotment has become available containing 5 blocks with a total area of 2895m2* (approx.) in 1 title and is an economic buy for land-bankers in the up-and-coming possible future industrial area known as 'SOLOMON HEIGHTS' in Sunshine North.
Current speculation on future implementation of servicing the site is at an all-time high and land values have increased significantly in price over the past 6 years. The land is currently un-serviced (no roads, electricity, sewerage, water, etc.) which are still to be implemented at some time in the future.
Interested purchasers are strongly recommended to carry out an inspection and their own due diligence investigation of the land, the costs and implementation timetable of the required services for this long-term investment land prior to making an offer.
*Approximate
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Property Details for 62, 64, 66, 68, 70 Rankin Ave, Sunshine North, VIC 3020

Building Type
Commercial
Land Size
2895m2

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About Sunshine North 3020

The size of Sunshine North is approximately 7.9 square kilometres. It has 11 parks covering nearly 8.9% of total area. The population of Sunshine North in 2011 was 10,636 people. By 2016 the population was 11,702 showing a population growth of 10.0% in the area during that time. The predominant age group in Sunshine North is 20-29 years. Households in Sunshine North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine North work in a labourer occupation. In 2011, 70.9% of the homes in Sunshine North were owner-occupied compared with 67.2% in 2016.

Sunshine North has 6,908 properties. Over the last 5 years, Houses in Sunshine North have seen a 10.35% increase in median value, while Units have seen a 12.71% increase. As at 31 October 2024:

  • The median value for Houses in Sunshine North is $726,426 while the median value for Units is $528,491.
  • Houses have a median rent of $480 while Units have a median rent of $500.
There are currently 63 properties listed for sale, and 14 properties listed for rent in Sunshine north on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Sunshine north.

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Branko Lemaic
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