254 Craigieburn RoadCraigieburn VIC 3064
Property Details for 254 Craigieburn Rd, Craigieburn
Last Listing description (November 2023)
- Stake your claim on one of the most significant development sites to come to market in Craigieburn.
- Former Restaurant and corner land parcel spanning 1,736 square metres (approx.)
- Approved planning permit for 108 place childcare centre is close to final the building permit stage. The plans work within the current footprint and entail an extension to join the two buildings.
- Agreement for Lease is in place with a highly reputable and experienced childcare operator.
- Rental income on completed childcare centre is $405,000 + gst per annum
- Lease term 10+10+10 year and reviews 3% per annum, market reviews at the end of each term.
- Explore the potential for other uses STCA or consider the future development prospects of this prime location.
- Make this property a part of your investment portfolio, and ensure you don't miss this once-in-a-lifetime chance to own a significant land parcel in a prime location.
NOTE: Land comprises of 254 Craigieburn Road and 2A & 4 Dorchester Road, Craigieburn.
Expression of Interest closes Thursday 7th December 2023 at 4:00pm unless sold prior.
Contact Celestine Eramo 0408 111 383 to receive a detailed information memorandum.
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ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.
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Property History for 254 Craigieburn Rd, Craigieburn, VIC 3064
- 27 Mar 2024Sold for $3,600,000
- 09 Nov 2023Listed for Sale EOI Closes 7th December 2023 at 4pm Unless Sold Prior
- 10 Feb 2023Listed for Rent - Price not available
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About Craigieburn 3064
The size of Craigieburn is approximately 35.5 square kilometres. It has 100 parks covering nearly 10.4% of total area. The population of Craigieburn in 2011 was 32,756 people. By 2016 the population was 50,364 showing a population growth of 53.8% in the area during that time. The predominant age group in Craigieburn is 30-39 years. Households in Craigieburn are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Craigieburn work in a trades occupation. In 2011, 78.8% of the homes in Craigieburn were owner-occupied compared with 69.4% in 2016.
Craigieburn has 25,801 properties. Over the last 5 years, Houses in Craigieburn have seen a 22.11% increase in median value, while Units have seen a 19.37% increase. As at 31 January 2025:
- The median value for Houses in Craigieburn is $686,078 while the median value for Units is $449,353.
- Houses have a median rent of $550 while Units have a median rent of $460.
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