This property represents a development opportunity in a desirable CBD location in Sale. Occupying a high profile 1011sqm site with rear access from Pearson Street, the allotment sits on two titles and is Zoned Commercial 1. The property presents itself as a prime development site suitable for multiple uses (STCA) and a rare opportunity for investors and developers in this popular precinct.
Site features:
- Large 1011sqm Site
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The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.
Sale has 8,738 properties. Over the last 5 years, Houses in Sale have seen a 47.96% increase in median value, while Units have seen a 56.68% increase. As at 31 October 2024:
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