SOLD
Sold on 14 May 2024 for $20,400,000

1 Banfield Court
Truganina VIC 3029

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 15006m2
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Property Details for 1 Banfield Ct, Truganina

Building Type
Commercial
Land Size
15006m2
Local Government
Wyndham
Lot/Plan
1/PS702888

Last Listing description (October 2020)

CBRE is delighted to offer 1 Banfield Court, Truganina, for sale.

The property is located within the established industrial precinct of Truganina, offering great exposure to Leakes Road (Leakes Road will be duplicated by 2021, works have commenced) and immediate access to West Gate & Princes Freeways via a diamond interchange 1km* away.


The site is 13.5km* to Port of Melbourne, 17.5km* to Melbourne CBD and 20km* to Melbourne Airport.

Key Features Include:
+ Passing income of $282,912.30p.a.
+ Short lease term offering potential for owner occupiers
+ Total building area of 2,508sqm*
+ Modern, fully fitted and air-conditioned office & amenities: 500sqm*
+ High clearance, clear-span warehouse of 2,008sqm* (minimum clearance height of 8 metres)
+ 4 on-grade roller doors
+ Large secure concrete hardstand of 9,545sqm*
+ Total site area of 15,005sqm*
+ Huge development upside in the future with the ability to expand the building size to 7-8,000sqm (STCA)
+ 50 off street car parks with potential for another 28 and 8 motorcycle parks
+ Building built by market leaders in quality industrial construction Texco - https://www.texco.net.au/
+ Banfield Court offers excellent accommodation for users with the ability to accommodate the heavy transport traffic of B-doubles.

For more information or to arrange an inspection please contact the exclusive agency team at CBRE.

*approx.

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Property History for 1 Banfield Ct, Truganina, VIC 3029

A timeline of how this property has performed in the market
Last Sold
$20,400,000
14 May 2024
Listed for Rent
$5.50M/w
05 Oct 2020
  • 14 May 2024
    Sold for $20,400,000
  • 01 Oct 2019
    Listed for Sale Contact Agent
  • 01 Oct 2019
    Listed for Rent - Price not available
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About Truganina 3029

The size of Truganina is approximately 64.6 square kilometres. It has 37 parks covering nearly 2.1% of total area. The population of Truganina in 2011 was 9,138 people. By 2016 the population was 20,681 showing a population growth of 126.3% in the area during that time. The predominant age group in Truganina is 30-39 years. Households in Truganina are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Truganina work in a professional occupation. In 2011, 62.7% of the homes in Truganina were owner-occupied compared with 66.8% in 2016.

Truganina has 22,085 properties. Over the last 5 years, Houses in Truganina have seen a 20.82% increase in median value, while Units have seen a 25.70% increase. As at 31 October 2024:

  • The median value for Houses in Truganina is $693,417 while the median value for Units is $524,506.
  • Houses have a median rent of $540 while Units have a median rent of $480.
There are currently 324 properties listed for sale, and 166 properties listed for rent in Truganina on OnTheHouse. According to CoreLogic's data, 1076 properties were sold in the past 12 months in Truganina.

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