OFF MARKET

512 Station Street
Carrum VIC 3197

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1616m2
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Property Details for 512 Station St, Carrum

Building Type
Commercial
Land Size
1616m2
Local Government
Kingston
Lot/Plan
1/TP437248

Last Listing description (December 2021)

CBRE Melbourne Commercial Sales is pleased to offer for sale 510-512 Station Street, Carrum. A permit approved development and retail opportunity in the heart of Carrum's retail activity centre.

OVERVIEW


+A significant 1,624 square metre triple fronted Commercial 1 Zoned landholding with a combined 79.4 metres of street frontage

+Benefitting from an existing permit for 20 residential dwellings and ground floor retail offerings fronting Station Street

+Three (3) existing retail tenancies including drive-through bottle shop providing steady income stream with significant rental uplift potential through repositioning

+Prominent retail exposure in Carrum's core Activity Centre with existing customer carparking accessed via Mcleod Road and Village Lane offering a broad range of retail opportunities

LOCATION

+Only 200m* to neighbouring Carrum Beach and Surf Life Saving Club and direct proximity to popular caf 'Freddies Kitchen' and short distance to Patterson Lakes Shopping Centre

+Excellent public transport connectivity with Carrum Train Station only 100m* away as well as convenient access to major arterial road connections including Mornington Peninsula Highway

+Popular beachside location only 7.5km from Frankston CBD and 45 minutes* drive from Melbourne's CBD with a median house price of $950,000 growing 21.02% over the last 12 months and unit price of $727,500 and 15.48% growth over the same period

FOR SALE VIA EXPRESSIONS OF INTEREST CLOSING THURSDAY 18TH NOVEMBER AT 2:00PM (AEDT)

For further information please contact the exclusive sales and marketing agents at CBRE:

David Minty
+61 422 564 199
david.minty@cbre.com.au

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun Heng
+61 411 059 116
jj.heng@cbre.com.au

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Property History for 512 Station St, Carrum, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$3,500,000
26 Nov 2021
  • 26 Nov 2021
    Sold for $3,500,000
  • 15 Oct 2021
    Listed for Sale Contact Agent
  • 14 Apr 2021
    Listed for Sale Expression of intrest
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About Carrum 3197

The size of Carrum is approximately 1.6 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Carrum in 2011 was 3,602 people. By 2016 the population was 3,986 showing a population growth of 10.7% in the area during that time. The predominant age group in Carrum is 30-39 years. Households in Carrum are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum work in a professional occupation. In 2011, 63.2% of the homes in Carrum were owner-occupied compared with 64.3% in 2016.

Carrum has 2,546 properties. Over the last 5 years, Houses in Carrum have seen a 20.58% increase in median value, while Units have seen a 15.76% increase. As at 30 November 2024:

  • The median value for Houses in Carrum is $1,094,667 while the median value for Units is $794,327.
  • Houses have a median rent of $620 while Units have a median rent of $598.
There are currently 15 properties listed for sale, and 3 properties listed for rent in Carrum on OnTheHouse. According to CoreLogic's data, 96 properties were sold in the past 12 months in Carrum.

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