One of the best corner locations the Murrindindi Shire has to offer, Thornton is a hub for travellers to Lake Eildon and the many rivers within the area. Situated on an 600sqm (approx.) corner site, this outstanding landmark and popular stopping point offers a high exposure investment opportunity with excellent scope for improvement. Offering a versatile Freehold that would be perfect for any family run business, 4 Ways has been a successfully run business for many years and is now ready for the new owner to create there own thriving take away business. Within this space there is a three bedroom residence with takeaway shop, store rooms and eating area. A true little gem offering great potential for future development and expansion in this vibrant little town.
The size of Thornton is approximately 70.1 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Thornton in 2011 was 362 people. By 2016 the population was 278 showing a population decline of 23.2% in the area during that time. The predominant age group in Thornton is 60-69 years. Households in Thornton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Thornton work in a trades occupation. In 2011, 75.9% of the homes in Thornton were owner-occupied compared with 64.8% in 2016.
Thornton has 237 properties. Over the last 5 years, Houses in Thornton have seen a 120.55% increase in median value, while Units have seen a -49.04% decrease. As at 31 July 2024:
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