SOLD
Sold on 31 Dec 2023 for $676,500

8 Commercial Place
Drouin VIC 3818

Bedrooms: 1
Bathrooms: -
Car spaces: -
Floor area: 105m2
Land area: 676m2
Sold By
Boyde & Co
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Property Details for 8 Commercial Pl, Drouin

Building Type
Commercial
Floor Size
105m2
Land Size
676m2
Local Government
Baw Baw
Lot/Plan
2/PS645407

Last Listing description (March 2024)

Conveniently located at the heart of Drouin's central business district, 8 Commercial Place offers a perfect opportunity for your next commercial investment with an excellent rent return of approximately $ 32,000pa plus GST and outgoings. Zoned Commercial 1, this building is an ideal prospect for immediate occupancy.

Complete with an existing fit-out, the office space currently features three separate offices; two are conveniently positioned at the front of the building, offering easy access from the main foyer or reception area. Additionally, the expansive open-plan office at the rear of the building can comfortably accommodate a substantial workforce or serve as a secure storage facility.

It has neighbouring premises, including a podiatrist, accountant, hair salon, and Gippsland Cosmetic Centre. The property is exceptionally well suited for office, clinic or retail purposes in a professional setting.

Features include:
- Access to a large customer carpark
- Large glass panel shop frontage
- Quality floorcoverings
- Heating and cooling air-conditioning
- Kitchenette
- Separate water closet and hand basin

Please contact Brad Boyde at 0400775388 for further information or to arrange an inspection.

Property History for 8 Commercial Pl, Drouin, VIC 3818

A timeline of how this property has performed in the market
Last Sold
$676,500
31 Dec 2023
Listed for Rent
24 May 2014
  • 31 Dec 2023
    Sold for $676,500
  • 13 Dec 2023
    Listed for Sale UNDER CONTRACT
  • 18 Apr 2014
    Listed for Rent - Price not available
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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 9,270 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.