SOLD
Sold on 07 Mar 2024 for $5,350,000

1A Sigma Drive
Croydon South VIC 3136

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1565m2
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Property Details for 1a Sigma Dr, Croydon South

Building Type
Commercial
Land Size
1565m2
Local Government
Maroondah
Lot/Plan
S22/PS739948

Last Listing description (September 2020)

CVA Property Consultants are pleased to present these outstanding high quality two level office building comprising a range of professional office suites.

This is an opportunity for an owner occupier, investor and or tenant to secure rarely found offices in this location.


Key Features:
- All suites are self contained
- Merrindale Drive frontage
- Areas available from 48m2*
- Generous natural light
- Carpeted and air-conditioned
- Allocated car spaces
- Lift access to second level
- Suites can be combined
- Perfect for self-managed super fund (SMSF) investors and owner occupiers
- Public Transport : Buses on Dorset Road or 3.5 km* to Croydon Railway Station

The building within the Merrindale Estate and is ideally situated with direct access to major roads Dorset Road and Canterbury Road. The property provides easy access to the Ringwood Bypass and Eastlink via Mount Dandenong Road.

*approx

Property History for 1a Sigma Dr, Croydon South, VIC 3136

A timeline of how this property has performed in the market
Last Sold
$5,350,000
07 Mar 2024
  • 07 Mar 2024
    Sold for $5,350,000
  • 12 Mar 2020
    Listed for Sale $189,600 to $992,000

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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 2,416 properties. Over the last 5 years, Houses in Croydon South have seen a 21.62% increase in median value, while Units have seen a 16.16% increase. As at 31 October 2024:

  • The median value for Houses in Croydon South is $909,553 while the median value for Units is $783,384.
  • Houses have a median rent of $640 while Units have a median rent of $595.
There are currently 9 properties listed for sale, and 7 properties listed for rent in Croydon south on OnTheHouse. According to CoreLogic's data, 86 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.