115-117 South Gippsland HighwayTooradin VIC 3980
Property Details for 115-117 South Gippsland Hwy, Tooradin
115-117 South Gippsland Hwy, Tooradin is a 3 bedroom, 1 bathroom House. The property has a land size of 820m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (July 2024)
Prime Investment Opportunity
Heavy traffic Exposure
Immediate Income Potential
GoldBank Real-Estate group proudly present you an outstanding investment and development opportunity located at 115-117 South Gippsland Highway, Tooradin. This premium property offers significant potential for investors and developers alike.
Key features:
- Land Size: 820 m?
- Zoning: Commercial Zone 1
- Proposed Plans for a Motel
- Positioned exactly Halfway between Melbourne City and Phillip Island
Attributes:
Premium Location:
Positioned right in the heart of vibrant Tooradin town center, offering an unmatched and highly desirable location.
Minutes away from Cranbourne, Clyde ensuring excellent connectivity and accessibility.
High Visibility:
Located on the busy South Gippsland Highway, providing exceptional exposure for any commercial venture.
Ideal for attracting high traffic and maximizing business visibility.
Zoning and Development Potential:
Zoned Commercial Use Zone 1 (CUZ1), opening various development possibilities, subject to council approval (STCA).
Proposed plans for a motel highlight the site's potential for lucrative development.
Immediate Income Potential:
Existing house onsite is leased on a periodic lease, ensuring rental income for investors while planning the next development phase.
Rare Opportunity:
Properties of this nature and in such a prime location are extremely rare and highly sought after.
Ideal for those looking to capitalize on the thriving Tooradin market.
Positioned in one of the Highly sought-after Locations, booming and high demand area within City of Casey where population anticipated to grow by 40% and reach 551,362 as compared to current 392,636 over next 20 years
This unique property offers a blend of immediate income potential and significant future development opportunities, making it an attractive proposition for savvy investors and developers with all services connected to the site.
For further details or to arrange a site inspection, please do not hesitate to contact AP Sidhu on 0468 413 000 or Sukhdeep Singh on 0412 003 466. This rare opportunity is sure to generate substantial interest, and we look forward to discussing how it can meet your investment goals.
(PHOTO ID REQUIRED AT OPEN FOR INSPECTION)
NOTE: link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All stated dimensions are approximate only.
Property History for 115-117 South Gippsland Hwy, Tooradin, VIC 3980
- 18 Jul 2024Listed for Sale Not Disclosed
- 04 Jun 2024Listed for Rent - Price not available
- 02 Mar 2024Listed for Rent - Price not available
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About Tooradin 3980
The size of Tooradin is approximately 27.3 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Tooradin in 2011 was 1,358 people. By 2016 the population was 1,547 showing a population growth of 13.9% in the area during that time. The predominant age group in Tooradin is 0-9 years. Households in Tooradin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tooradin work in a trades occupation. In 2011, 77.9% of the homes in Tooradin were owner-occupied compared with 80% in 2016.
Tooradin has 834 properties. Over the last 5 years, Houses in Tooradin have seen a 39.94% increase in median value, while Units have seen a 28.27% increase. As at 31 July 2024:
- The median value for Houses in Tooradin is $900,475 while the median value for Units is $575,811.
- Houses have a median rent of $530.
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