70 Ranceby RoadPoowong VIC 3988
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.
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:
- 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
- 22 May 2023Listed for Sale Contact Agent
- 25 Nov 1995Sold 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.
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