SOLD
Sold on 12 Apr 2024 for $1,260,000

7-9 Devonshire Road
Sunshine VIC 3020

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 188m2
Land area: 125m2
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Property Details for 7-9 Devonshire Rd, Sunshine

Building Type
Commercial
Floor Size
188m2
Land Size
125m2
Local Government
Brimbank
Lot/Plan
3/LP60644

Last Listing description (July 2024)

Superbly located on high traffic major retail and services strip moments from the Sunshine Transport Super-Hub planned as the future of Melbourne Airport Rail Link. First time offered in 50 + years.

This corner, double shopfront is ready for a smart operator to secure a bustling Sunshine CBD address. Alternatively, there is sensational scope as a prime located investment.

Strategically zoned Activity Centre 1 promoting high density, mixed residential/commercial development in one of the four major National Employment and Innovation Clusters under Plan Melbourne 2017-2050.

_Double Shop on One Title.
_Building & Land Area 125m2 approx.
_Currently set up as Dental Surgery.
_Recent use for Medical Practitioners. Seek Council Advice.
_Opportunity to remodel as two tenancies known as 7 &/or 9 Devonshire.
_Kitchen, 2 x Bathrooms, alarm security, ducted heating and cooling.
_Ample parking nearby via multi deck and Sunshine Shopping Centre.
_Zoned Activity Centre Zone - Schedule 1.
_Add value through Residential apartments or multi level offices. STCA.
_Rare Vacant Possession Opportunity. Price includes GST.

DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD
SUNSHINE VIC 3020

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Property History for 7-9 Devonshire Rd, Sunshine, VIC 3020

A timeline of how this property has performed in the market
Last Sold
$1,260,000
12 Apr 2024
  • 12 Apr 2024
    Sold for $1,260,000
  • 13 Mar 2024
    Listed for Sale $950,000 - $1,050,000

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About Sunshine 3020

The size of Sunshine is approximately 4.7 square kilometres. It has 18 parks covering nearly 8.7% of total area. The population of Sunshine in 2011 was 8,837 people. By 2016 the population was 9,755 showing a population growth of 10.4% in the area during that time. The predominant age group in Sunshine is 30-39 years. Households in Sunshine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine work in a professional occupation. In 2011, 61.6% of the homes in Sunshine were owner-occupied compared with 55.8% in 2016.

Sunshine has 5,803 properties. Over the last 5 years, Houses in Sunshine have seen a 19.95% increase in median value, while Units have seen a 15.05% increase. As at 31 August 2024:

  • The median value for Houses in Sunshine is $844,273 while the median value for Units is $504,093.
  • Houses have a median rent of $495 while Units have a median rent of $450.
There are currently 55 properties listed for sale, and 18 properties listed for rent in Sunshine on OnTheHouse. According to CoreLogic's data, 192 properties were sold in the past 12 months in Sunshine.

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Douglas Kay Real Estate
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