SOLD
Sold on 13 May 2024 for $550,000

16 Princes Highway
Cann River VIC 3890

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Land area: 450m2
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Property Details for 16 Princes Hwy, Cann River

Building Type
Commercial
Land Size
450m2
Local Government
East Gippsland
Lot/Plan
2/LP66987

Last Listing description (January 2024)

EXPRESSION OF INTEREST (EOI)

Why Rent when you can own this amazing property? make your business investment move and contact agents today!

CANN RIVER FREEHOLD INVESTMENT OPPORTUNITY - PRIME LOCATION & COMMERCIAL PROPERTY

Freehold Investment opportunity with main road (Princes Highway) exposure right in the heart of the picture-perfect town of Cann River. Prominent street exposure in a prime location, this property enjoys excellent visibility, making it an ideal choice for businesses seeking a dynamic commercial environment.

Very popular roadside stop for Major cities mainly visitors from Melbourne, Sydney and Canberra.

Whether you are looking to expand your existing business, start a new venture, or make a lucrative investment, this property offers endless possibilities.

About the property:

- An extra-large front shop, separate men's and ladies bathrooms, and a large rear storage, office or preparation room.

- Large windows for perfect for advertising and natural light in the main

- Plenty of parking in front of the shop

- Staff or customers can also enjoy the outdoors and sunshine on the side veranda.

- The exterior painting has recently been completed.

- The property also features a grid-connected 16-panel solar system which will help keep those power bills manageable.

Why this is the perfect investment:

- Highway frontage also provides for direct parking right outside the front door, there is also parking for vehicles with trailers just up the highway and electric vehicle charging stations are just up Ward Street.

- Very popular roadside stop and Visitors enjoy the wonders of what nature has to offer in this spectacular part of East Gippsland.

- Close to Prime Sport Fishing Location and ancient rainforests

- The property enjoys excellent visibility, an ideal choice for businesses seeking a dynamic commercial environment.

- A property that is perfect for the owner operator or investor.

The Location:

Cann River Town is the ultimate coastal route between Sydney and Melbourne. Head out of town along the Monaro Highway towards the Australian capital of Canberra or continue along the Princes Highway, the coastal route between Sydney and Melbourne.

Enjoy great natural beauty and lifestyle and fabulous the ancient rainforests of Victoria's far east

This remarkable commercial property presents a unique opportunity. Don't miss this opportunity to secure prime commercial real estate in a rarely available location.

If you would like to inspect this property or have any questions, please contact or

Las Widanage 0429 115 115 or Alexandra Visic 0403 918 507 today.

*PLEASE NOTE: Open for Inspection Times and Property Availability are subject to change or cancellation without notice. Please refer to the listed inspection times. If no inspection time is available or you are not able to make the listed times please select Book an Inspection Time or Contact Agent and register your interest. We highly recommend registering for an inspection you are going to attend to avoid disappointment for cancellations. If you are registered to attend an inspection you will be notified via SMS if the inspection is cancelled.* Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property Code: 4140

Property History for 16 Princes Hwy, Cann River, VIC 3890

A timeline of how this property has performed in the market
Last Sold
$550,000
13 May 2024
  • 13 May 2024
    Sold for $550,000
  • 02 Dec 2023
    Listed for Sale FOR SALE | EXPRESSION OF INTEREST (EOI)
  • 15 Oct 2020
    Sold for $240,000
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About Cann River 3890

The size of Cann River is approximately 112 square kilometres. It has 3 parks covering nearly 77% of total area. The population of Cann River in 2011 was 167 people. By 2016 the population was 198 showing a population growth of 18.6% in the area during that time. The predominant age group in Cann River is 50-59 years. Households in Cann River are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Cann River work in a community and personal service occupation. In 2011, 61.7% of the homes in Cann River were owner-occupied compared with 61.1% in 2016.

Cann River has 258 properties. Over the last 5 years, Houses in Cann River have seen a 63.00% increase in median value. As at 31 July 2024:

  • The median value for Houses in Cann River is $222,414 while the median value for Units is $272,837.
There are currently 2 properties listed for sale, and no properties listed for rent in Cann river on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Cann river.

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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.