OFF MARKET

70 Ranceby Road
Poowong VIC 3988

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 34398m2
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Property Details for 70 Ranceby Rd, Poowong

70 Ranceby Rd, Poowong is a 0 bedroom, 0 bathroom House. The property has a land size of 34398m2. While the property is not currently for sale or for rent, it was last sold in November 1995.

Building Type
House
Land Size
34398m2
Local Government
South Gippsland
Lot/Plan
2/PS331051

Last Listing description (May 2024)

Raine and Horne Land is delighted to present 70 Ranceby Road, in the picturesque town of Poowong. The property speaks volumes when it comes to land bank or business opportunities. Nestled on 8.5 Acres (Approx), this prime parcel presents a golden opportunity for astute developer or investor to hold.
This high-quality property in the coveted Poowong area of the prestigious South Gippsland region offers 2 parcels - 3.5 Acres* Commercial and 5 Acres* Farming Zone (Future Residential), will bring you the best of both worlds. The property is in the established Township Boundary of Poowong.
Property Highlights:

- Commercial space on 3.5 Acres with existing infrastructure provide endless opportunities
- 5 Acres (Approx) Farming zone has a structure plan for Proposed Residential should occur at the initiation of the landowner in accordance with normal land rezoning requirements and considerations.
- Multiple business can be run from this place like: Bed and Breakfast, Primary Produce Sales, Poultry farm etc or with a permit Garden Supplies etc.
- Located on arterial road and short 20-minute drive from Lang Lang, this property is in close proximity to Airport Investigation area.
- The picturesque town of Poowong is located right in the middle of all the major hubs including Drouin, Korumburra, Leongatha, Pakenham, Cranbourne, Warragul, Wonthaggi, and also the beautiful holiday destinations of Phillip Island and Inverloch, with all these locations within 15-40 minutes' drive.

Business Aspect:
The first, a 3.5 acres (Approx) allotment, featuring commercial space of approx 3000 sq metres, and Zoned Business 1, would make an ideal distribution / storage facility, an all-seasons indoor market that could be the largest in the southern hemisphere, or occupy a small area yourself and lease out the remainder, or redevelop in the future.

Land Bank (Future Residential):
The second, a 5-Acre allotment is located right next door. Zoned farming and earmarked future residential, it would be impossible to find 5 acres so close to the centre of town that allows you to build your dream home now across the road from the Primary school.
Central to all that the regional locations of West / South Gippsland, Bass Coast and Latrobe Valley have to offer, and still only a 90-minute drive from the Melbourne CBD!!
For further information or to arrange an inspection contact:
Puneet Wadhawan - 0423 535 407
Raman Chahal - 0406 269 969
Rakesh Rampal - 0426 979 240

DISCLAIMER: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Please see the below link for an up-to-date copy of the Due Diligence Check List:
http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 70 Ranceby Rd, Poowong, VIC 3988

A timeline of how this property has performed in the market
Last Sold
$150,000
25 Nov 1995
  • 22 May 2023
    Listed for Sale Contact Agent
  • 25 Nov 1995
    Sold for $150,000

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About Poowong 3988

The size of Poowong is approximately 49.5 square kilometres. It has 3 parks covering nearly 0.2% of total area. The population of Poowong in 2011 was 609 people. By 2016 the population was 637 showing a population growth of 4.6% in the area during that time. The predominant age group in Poowong is 60-69 years. Households in Poowong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Poowong work in a managers occupation. In 2011, 82.4% of the homes in Poowong were owner-occupied compared with 85.4% in 2016.

Poowong has 558 properties. Over the last 5 years, Houses in Poowong have seen a 80.83% increase in median value. As at 31 October 2024:

  • The median value for Houses in Poowong is $786,185 while the median value for Units is $294,477.
There are currently 7 properties listed for sale, and no properties listed for rent in Poowong on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Poowong.

Suburb Insights for Poowong 3988

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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.