SOLD
Sold on 16 Aug 2024 for $5,000,000

8 Elite Way
Carrum Downs VIC 3201

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 640m2
Land area: 2999m2
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Property Details for 8 Elite Way, Carrum Downs

Building Type
Commercial
Floor Size
640m2
Land Size
2999m2
Local Government
Frankston
Lot/Plan
15/PS518905

Last Listing description (November 2015)

Flexible lease terms available from 6 months or longer. Secure, modern and clean warehouse and independent office facilities available to share. A stone's throw from Eastlink.
Huge warehouse which has been sectioned off into 550sqm with:
* seperate high access electric roller door (7x5)

* container access
* seperate entrance
* 10 car spaces on site
* 10 metre ceilings
* alarmed building with external fencing
* signage rights available
Independent office space with:
* 4 office spaces
* built in desks and cupboards
* built in cupboards
* reverse cycle system
* private furnished boardroom with its own reverse cycle system
* seperate kitchen
* ladies and men's bathrooms
* balcony
* data, electrical and comms cabling
Please call Hollie on 0408 173 085 for an appointment.

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Property History for 8 Elite Way, Carrum Downs, VIC 3201

A timeline of how this property has performed in the market
Last Sold
$5,000,000
16 Aug 2024
Listed for Rent
$728/w
09 Nov 2015
  • 16 Aug 2024
    Sold for $5,000,000
  • 20 Oct 2015
    Listed for Rent $38,000 / year
  • 04 Aug 2015
    Listed for Rent $38,000 / year
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About Carrum Downs 3201

The size of Carrum Downs is approximately 20.2 square kilometres. It has 46 parks covering nearly 3.6% of total area. The population of Carrum Downs in 2011 was 19,122 people. By 2016 the population was 20,723 showing a population growth of 8.4% in the area during that time. The predominant age group in Carrum Downs is 30-39 years. Households in Carrum Downs are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Carrum Downs work in a trades occupation. In 2011, 70.5% of the homes in Carrum Downs were owner-occupied compared with 67.9% in 2016.

Carrum Downs has 12,549 properties. Over the last 5 years, Houses in Carrum Downs have seen a 27.75% increase in median value, while Units have seen a 27.99% increase. As at 31 October 2024:

  • The median value for Houses in Carrum Downs is $711,224 while the median value for Units is $564,735.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 36 properties listed for sale, and 10 properties listed for rent in Carrum downs on OnTheHouse. According to CoreLogic's data, 510 properties were sold in the past 12 months in Carrum downs.

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