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1 Perennial Drive
Truganina VIC 3029

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 547.7m2
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Culinary Corner: The Ultimate Restaurant Block

Overview
This prime development land offers a unique opportunity for restaurateurs and investors looking to establish a new dining destination in a thriving community. Situated in a high-traffic area with excellent visibility, this parcel is ideal for a variety of culinary concepts and comes with plans and permits approved for 90 seating capacity restaurant/Cafe with alcohol permit till 11 pm 7 days a week.
Key Features
High Visibility: Located on a major thoroughfare, ensuring maximum exposure to potential customers.
Access and Parking: Ample on-site parking and easy access to public transportation enhance convenience for diners.
Demographics: Located in a rapidly growing area with a diverse population and increasing disposable income, making it a prime location for dining establishments.
Surrounding Amenities: Located next to the Forsyth community park playground, close to shopping centers, residential neighborhoods, and office complexes, ensuring a steady flow of foot traffic.
Utilities Available: All necessary utilities (water, electricity, sewer) are readily accessible.
Development Potential
Sizeable Footprint: The lot size allows for a spacious restaurant layout, with options for outdoor dining to enhance the dining experience.
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Property Details for 1 Perennial Dr, Truganina

Building Type
Land
Land Size
547.7m2

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About Truganina 3029

The size of Truganina is approximately 64.6 square kilometres. It has 37 parks covering nearly 2.1% of total area. The population of Truganina in 2011 was 9,138 people. By 2016 the population was 20,681 showing a population growth of 126.3% in the area during that time. The predominant age group in Truganina is 30-39 years. Households in Truganina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Truganina work in a professional occupation. In 2011, 62.7% of the homes in Truganina were owner-occupied compared with 66.8% in 2016.

Truganina has 22,053 properties. Over the last 5 years, Houses in Truganina have seen a 22.16% increase in median value, while Units have seen a 28.65% increase. As at 30 September 2024:

  • The median value for Houses in Truganina is $695,495 while the median value for Units is $527,575.
  • Houses have a median rent of $530 while Units have a median rent of $480.
There are currently 324 properties listed for sale, and 163 properties listed for rent in Truganina on OnTheHouse. According to CoreLogic's data, 1025 properties were sold in the past 12 months in Truganina.

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Bhupinder Singh
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Hiren Luhar
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