FOR SALE
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16/20 Prosperity Street
Truganina VIC 3029

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Car spaces: 2
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ITS BRIEF – Prime Warehouse & Office Opportunity in Truganina – Exceptional Location!!

ITS ADDRESSED
Area Specialist Wyndham City by Jake Wang and team is proud to present an exceptional opportunity to lease a premium warehouse in Truganina rapidly growing western residential and industrial precinct. Key features of this property include:
• Prime Location: Convenient access from Leakes Road and Palmers Road, with proximity to major freeways for seamless connectivity.
• Street Exposure: Positioned on Prosperity Street, offering direct street frontage for maximum visibility and business prominence.
• Office Potential: This property has the potential to be transformed into office spaces and renovated for a second storey, providing an opportunity to add value and increase usable space.
• Strategic Positioning: Located between Palmers Gateway Commercial Hub and other industrial offerings, enhancing the property’s location prominence and exposure.
• Potential for Development: Opportunity to transform the property into a valuable double-storey space, subject to council approval, adding long-term value.
• Kitchenette Area: Includes a convenient kitchenette area, ideal for staff use and adding functionality to the workspace.
• Close to Major Hubs: Just a 5-minute drive from the Western Freeway on-ramp, with convenient access to Williams Landing, Tarneit, the Ring Road, Princes Highway, and Westgate Freeway.
• Business Growth Potential: Ideal for businesses seeking a location that offers growth opportunities in a booming industrial area.
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Property Details for 16/20 Prosperity St, Truganina

Building Type
Commercial

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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 323 properties listed for sale, and 162 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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Jake Wang
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Wendy Khunwuthinun
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Area Specialist Wyndham City
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