Goldbank Real Estate Group is pleased to offer this rare development opportunity. Strategically located nearby Cranbourne West Business Park, this site offers strong connectivity to the rapidly expanding Cranbourne industrial precinct.
Positioned arguably within one of Melbourne's fastest-growing commercial/residential corridors this land site of 600 sqm* lends itself to many types of business users (STCA).
The size of Cranbourne West is approximately 11.8 square kilometres. It has 23 parks covering nearly 10.1% of total area. The population of Cranbourne West in 2011 was 8,743 people. By 2016 the population was 15,046 showing a population growth of 72.1% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation. In 2011, 72.3% of the homes in Cranbourne West were owner-occupied compared with 76% in 2016.
Cranbourne West has 8,962 properties. Over the last 5 years, Houses in Cranbourne West have seen a 35.27% increase in median value, while Units have seen a 31.46% increase. As at 31 October 2024:
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