POINT OF INTEREST:
If you have grand ambitions to take prime land and develop it into something spectacular, this is over 6,000 sqm* of rare asset in Melbournes south-east and already bringing in monthly income. Currently tenanted and operating as Mahogany Park Motel and The Bear House restaurant, this is a boundless redevelopment opportunity with the potential to create something new in a suburb already experiencing exponential growth.
This is further facilitated by the favourable Activity Centre zoning of the property and surrounding amenities that make this a game-changing property for the astute buyer. Situated a short walk from Cranbourne Park shopping centre, its just 1.8 km* from Cranbourne railway station.
- 6,087 sqm* land area.
- Favourable Activity Centre Zoning.
- Currently tenanted to Mahogany Park Motel and The Bear House Restaurant.
- The motel services 30 rooms with full amenities.
- 500 m* from Cranbourne's Retail Precinct.
- 1.8 km* from Cranbourne Railway Station.
- 43 km* from Melbourne CBD.
POINT OF VIEW:
We know Melburnians, and we know Cranburnians. Theres a reason they gravitate to this ever-expanding pocket in the south-east and it has a little something to do with the outdoor lifestyle and space. It was good enough of the Demons and Melbourne City FC now you too can own a piece of this playing field.
*Approx.
Pricing excludes GST
The size of Cranbourne is approximately 16.5 square kilometres. It has 47 parks covering nearly 40.2% of total area. The population of Cranbourne in 2016 was 20094 people. By 2021 the population was 21281 showing a population growth of 5.9% in the area during that time. The predominant age group in Cranbourne is 30-39 years. Households in Cranbourne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne work in a trades occupation.In 2021, 63.50% of the homes in Cranbourne were owner-occupied compared with 66.20% in 2016.
Cranbourne has 10,954 properties. Over the last 5 years, Houses in Cranbourne have seen a 31.74% increase in median value, while Units have seen a 32.51% increase. As at 31 March 2026:
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