191-193 Point Nepean RoadDromana VIC 3936
Property Details for 191-193 Point Nepean Rd, Dromana
Last Listing description (November 2023)
Gorman Allard Shelton in conjunction with Little Real Estate are pleased to offer for sale this fantastic high exposure property situated in the heart of Dromana's main retail strip and directly opposite Dromana's popular foreshore precinct.
The property is being offered for sale by Public Auction on Friday 8 December at 1:30pm on-site.
Key details include;
- Corner site of 676.31 sqm* with 3 street frontages totaling 71.32 metres*
- Current Income: $104,675.40 pa* + GST
- Building area: 205 sqm*
- New seven (7) year lease commencing 1 September 2023 with no options
- Onsite parking at the rear
- Commercial 1 Zone
- Huge future upside and development potential (STCA)
- Located within Dromana's main retail strip and directly opposite Dromana's popular foreshore precinct
Contact us today for an immediate inspection!
*Approx
Property History for 191-193 Point Nepean Rd, Dromana, VIC 3936
- 08 Dec 2023Sold for $3,120,000
- 03 Nov 2023Listed for Sale Contact Joseph Walton 0417 309 347
- 27 Jan 2016Listed for Rent $72,000 / year
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About Dromana 3936
The size of Dromana is approximately 30.6 square kilometres. It has 19 parks covering nearly 7.2% of total area. The population of Dromana in 2011 was 5,125 people. By 2016 the population was 5,802 showing a population growth of 13.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation. In 2011, 68.2% of the homes in Dromana were owner-occupied compared with 67.9% in 2016.
Dromana has 5,887 properties. Over the last 5 years, Houses in Dromana have seen a 40.08% increase in median value, while Units have seen a 20.52% increase. As at 31 October 2024:
- The median value for Houses in Dromana is $975,997 while the median value for Units is $770,258.
- Houses have a median rent of $600 while Units have a median rent of $565.
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