SOLD
Sold on 24 Apr 2024 for $2,805,000

276-278 Princes Way
Drouin VIC 3818

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 180m2
Land area: 4017m2
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Property Details for 276-278 Princes Way, Drouin

Building Type
Commercial
Floor Size
180m2
Land Size
4017m2
Local Government
Baw Baw
Lot/Plan
3/LP207479

Last Listing description (October 2015)

RENT IS JUST $680/week + GST + outgoings
A great opportunity exists to lease this superbly located 4,053m2 of land with a 174m2 warehouse/barn/garage/office. This property has been used in the past for a garden supply business but the size and location of the property means the uses are unlimited (STCA). If the exiting buildings don't suit your needs the landlord is open to discussions and willing to work with you.
DETAILS:

Total land area 4,053m2
Total floor space 174m2
Next door to Drouin Home Timber and Hardware
Ample water
Security cameras
13 Product bins
Secure high fencing
Service road for easy access
Industrial 1 zoning
A high volume of traffic passes daily
Excellent access to M1 Freeway
Large double garage
Toilet /Kitchen/Office
Your chance to improve your business and take it to the next level is just a phone call away.

Property History for 276-278 Princes Way, Drouin, VIC 3818

A timeline of how this property has performed in the market
Last Sold
$2,805,000
24 Apr 2024
Listed for Rent
22 Oct 2015
  • 24 Apr 2024
    Sold for $2,805,000
  • 06 Jun 2023
    Transferred
  • 21 Oct 2015
    Sold for $1,320,001
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About Drouin 3818

The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4% of total area. The population of Drouin in 2011 was 9,685 people. By 2016 the population was 12,348 showing a population growth of 27.5% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation. In 2011, 72.9% of the homes in Drouin were owner-occupied compared with 71.7% in 2016.

Drouin has 9,269 properties. Over the last 5 years, Houses in Drouin have seen a 41.67% increase in median value, while Units have seen a 37.85% increase. As at 31 October 2024:

  • The median value for Houses in Drouin is $648,469 while the median value for Units is $425,725.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 166 properties listed for sale, and 21 properties listed for rent in Drouin on OnTheHouse. According to CoreLogic's data, 468 properties were sold in the past 12 months in Drouin.

Suburb Insights for Drouin 3818

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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.