40 Bank StreetPort Fairy VIC 3284
Property Details for 40 Bank St, Port Fairy
40 Bank St, Port Fairy is a 0 bedroom, 0 bathroom House and was built in 2010. The property has a land size of 574m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in August 2022.
Last Listing description (April 2024)
On offer is an amazing opportunity to acquire one of the few remaining central commercial sites.
The capital growth potential is enormous, also is the rarity of such land. The vacant lot is "Zoned 1 Commercial" and is approximately 574m2.
Specific points worth mentioning are as follows:
Dual frontage corner site in an excellent CBD location
Approximately 23mtr x 24mtr Street frontage
Site is suitable for mixed use development
Architectural concept plans prepared (STCA) for 3 commercial spaces and 4 apartments
All development plans require Moyne Shire council approval
Specialist town planning advice on development available
The concept plans will be sold with the block and have been crafted to incorporate 4 x 2 bedroom, 2 bathroom apartments which would offer excellent resale potential. Then at ground level three large commercial spaces below represent great investment potential.
Specialist Town planning advice has been sought and information on request can be provided.
This Commercial Site represents an exceptional high profile Development Opportunity for the astute buyer.
Property History for 40 Bank St, Port Fairy, VIC 3284
- 13 Mar 2024Listed for Sale $1,050,000
- 19 Aug 2022Sold for $950,000
- 01 Jul 2022Listed for Sale CONTACT AGENT
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About Port Fairy 3284
The size of Port Fairy is approximately 115.1 square kilometres. It has 14 parks covering nearly 1.6% of total area. The population of Port Fairy in 2011 was 3,092 people. By 2016 the population was 3,328 showing a population growth of 7.6% in the area during that time. The predominant age group in Port Fairy is 60-69 years. Households in Port Fairy are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Port Fairy work in a professional occupation. In 2011, 72.5% of the homes in Port Fairy were owner-occupied compared with 72.1% in 2016.
Port Fairy has 2,828 properties. Over the last 5 years, Houses in Port Fairy have seen a 78.61% increase in median value, while Units have seen a 5.83% increase. As at 31 August 2024:
- The median value for Houses in Port Fairy is $994,493 while the median value for Units is $407,367.
- Houses have a median rent of $480 while Units have a median rent of $460.
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