1621 Point Nepean RoadCapel Sound VIC 3940
Property Details for 1621 Point Nepean Rd, Capel Sound
Last Listing description (November 2023)
This outstanding Capel Sound property is situated on approximately 389sqm of prime land with Point Nepean Rd frontage on the magnificent Mornington Peninsula.
Offered for the first time in over 37 years, this is an opportunity not to be missed.
Comprising of five top floor office suites, ground level retail space and rear shed.
- Easy access to the Mornington Peninsula Freeway
- Majority of tenancies on month to month lease which makes this an extremely attractive option for development.(STCA)
- Perfect opportunity to establish Restaurant/caf as prime waterfront location.
- Commercial 1 Zoning
Property History for 1621 Point Nepean Rd, Capel Sound, VIC 3940
- 21 May 2024Sold for $2,000,000
- 23 Apr 2022Listed for Sale All Offers over $2mil Considered
- 25 May 1984Sold for $123,500
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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 4,193 properties. Over the last 5 years, Houses in Capel Sound have seen a 35.52% increase in median value, while Units have seen a 29.14% increase. As at 30 September 2024:
- The median value for Houses in Capel Sound is $728,153 while the median value for Units is $610,135.
- Houses have a median rent of $510 while Units have a median rent of $520.
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