205G Bayview RoadMccrae VIC 3938
Property Details for 205g Bayview Rd, Mccrae
Last Listing description (December 2023)
Seize the opportunity to own a brilliant freehold currently leased to a locally loved, well established business, with plans and permits approved for the addition of a two-storey residence. Positioned in a boutique up-and-coming commercial area with a steady flow of passing traffic and parking off the main road. Just 650 metres from the Freeway exit and central to a plethora of Mornington Peninsula attractions.
Dual access site of 268.7sqm.
Current rental of $40,560 pa + GST + outgoings.
Toilet facilities, 2 split system air conditioners, grease trap and an impressive bank of 39 solar panels.
Plans and permits approved for the addition of a two-storey residence.
Property History for 205g Bayview Rd, Mccrae, VIC 3938
- 25 Oct 2023Listed for Sale $700,000 - $750,000
- 24 Oct 2023Sold for $690,000
- 29 Jun 2023Listed for Sale $700,000 - $750,000
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0About Mccrae 3938
The size of Mccrae is approximately 4.3 square kilometres. It has 8 parks covering nearly 23.8% of total area. The population of Mccrae in 2011 was 2,543 people. By 2016 the population was 2,836 showing a population growth of 11.5% in the area during that time. The predominant age group in Mccrae is 60-69 years. Households in Mccrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mccrae work in a professional occupation. In 2011, 80.4% of the homes in Mccrae were owner-occupied compared with 77% in 2016.
Mccrae has 2,528 properties. Over the last 5 years, Houses in Mccrae have seen a 44.22% increase in median value, while Units have seen a 24.46% increase. As at 31 July 2024:
- The median value for Houses in Mccrae is $1,006,309 while the median value for Units is $786,806.
- Houses have a median rent of $650 while Units have a median rent of $510.
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