3/628 Nepean Hwy, Carrum is a 5 bedroom, 2 bathroom Unit with 12 parking spaces and was built in 1937. The property has a land size of 866m2. While the property is not currently for sale or for rent, it was last sold in February 1998.
CLOSING DATE SALE 31/07
Right in the heart of Carrum with million dollar bay views, this 864m site rich in character presents commercial and residential opportunities in a Mixed Use Zone, with Carrum beach's picturesque white sands right on your doorstep. With an impressive Nepean Highway address, the site is 56.9m deep featuring a 15.05m frontage, and an existing palatial-sized art deco 15-room home built in 1937, with ornate ceilings and vintage charm that is a renovation opportunity described below:
Streamline Moderne architecture, with '30s distinct curvature features, two chimneys and carpet throughout
The 72.2m deep driveway on a common property title, leaves room to reimagine bayside living with STCA the addition of townhouses or an apartment complex to the rear with bay views, with potential options for the highway frontage including a lock-up shop with apartments above, a townhouse or an extension of the home to create a bistro and hospitality venue.
Options including a combination of the following can be explored STCA:
3 lot subdivision
Front and rear townhouse development
Rear apartment complex taking aspiration from the Beaumaris Hotel
Lock-up shop added to the frontage, with two apartments added above
Front extension including deck and bistro for a hospitality venue
As a zone permitting a range of residential, commercial, industrial and other uses, purchasers have a number of available options, with amenities such as the railway, village shops, primary school, sporting facilities and of course the beach all nearby.
Our vendors also present the opportunity for a 12-month $45,000 rent back + outgoings and lease for their business and current tenancy. Potential is in the eye of the beholder. Please note: all dimensions are approximate & a new lease is to be signed between all parties.
Contact Cameron Howe on 0417 112 784 or Claude Makdesi on 0405 342 244 for further information.
The size of Carrum is approximately 1.6 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Carrum in 2016 was 3980 people. By 2021 the population was 4239 showing a population growth of 6.5% in the area during that time. The predominant age group in Carrum is 30-39 years. Households in Carrum are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrum work in a professional occupation.In 2021, 67.40% of the homes in Carrum were owner-occupied compared with 64.30% in 2016.
Carrum has 2,572 properties. Over the last 5 years, Houses in Carrum have seen a 11.16% increase in median value, while Units have seen a 27.34% increase. As at 31 January 2026:
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