SOLD
Sold on 14 Sep 2023 for $560,000

1/8 Sigma Drive
Croydon South VIC 3136

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 218m2
Sold By
Jarrod Moran
CVA PROPERTY CONSULTANTS PTY LTD
Stan Dawidowski
CVA PROPERTY CONSULTANTS PTY LTD
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Property Details for 1/8 Sigma Dr, Croydon South

Building Type
Commercial
Land Size
218m2
Local Government
Maroondah
Lot/Plan
42/PS739948

Last Listing description (October 2023)

POINT OF INTEREST:

This is a proposition that lends itself to a huge range of uses. But if your personal training, yoga or Pilates studio is muscling its way out of its existing premises then this could be the perfect alternative - it has already been given the green light for use as a gym/wellness centre so you can move in and jump straight into action.


Currently fitted out as a Pilates studio, the 179sqm* two-storey space is modern, fresh and ready to go. In ship-shape condition with a contemporary fit out, the open plan space includes a kitchenette and bathroom facilities along with the convenience of two parking spaces.

Available for vacant possession and situated within a sought-after industrial estate alongside other robust businesses, this enviable address enjoys great accessibility to Canterbury Road, Maroondah Highway and East Link so youre easy to find.

There is always high demand for something thats ready to move into, so run - dont walk - when it comes to securing the lease for this one.

- Kitchenette and bathroom facilities
- Three parking spaces
- 179sqm*
- Industrial zone 1
- Currently fitted out as a Pilates studio
- Well presented with modern fit out
- Perfect as a gym, wellness studio
- Existing approval for use as a gym
- Easy access to Canterbury Rd, Maroondah Highway and East Link

POINT OF VIEW:

The health and fitness industry is booming and now is the time to get on board.

*Approx.
Pricing excludes GST

Property History for 1/8 Sigma Dr, Croydon South, VIC 3136

A timeline of how this property has performed in the market
Last Sold
$560,000
14 Sep 2023
Listed for Rent
$28k/w
16 Oct 2023
  • 14 Sep 2023
    Sold for $560,000
  • 22 Aug 2023
    Listed for Sale SOLD - Price Withheld
  • 04 Apr 2023
    Listed for Rent $27,500 / year
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About Croydon South 3136

The size of Croydon South is approximately 2.6 square kilometres. It has 11 parks covering nearly 3.6% of total area. The population of Croydon South in 2011 was 4,531 people. By 2016 the population was 4,585 showing a population growth of 1.2% in the area during that time. The predominant age group in Croydon South is 30-39 years. Households in Croydon South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Croydon South work in a professional occupation. In 2011, 80.5% of the homes in Croydon South were owner-occupied compared with 78.9% in 2016.

Croydon South has 2,399 properties. Over the last 5 years, Houses in Croydon South have seen a 37.27% increase in median value, while Units have seen a 19.21% increase. As at 31 July 2024:

  • The median value for Houses in Croydon South is $961,922 while the median value for Units is $756,716.
  • Houses have a median rent of $600 while Units have a median rent of $580.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Croydon south on OnTheHouse. According to CoreLogic's data, 89 properties were sold in the past 12 months in Croydon south.

Suburb Insights for Croydon South 3136

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.