1485 South Gippsland Highway, Cranbourne, VIC 3977 | Property Value & History | OnTheHouse
OFF MARKET

1485 South Gippsland Highway
Cranbourne VIC 3977

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1936m2
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Property Details for 1485 South Gippsland Hwy, Cranbourne

Building Type
Commercial
Land Size
1936m2
Local Government
Casey
Lot/Plan
6/SP19984

Last Listing description (August 2017)

1485 South Gippsland Highwy, and 1-4, 13-27 Cameron Street & 29 Cameron Street, Cranbourne
EOI closing Wednesday 14 June, 2pm at 6 Clow Street, Dandenong
Located 43 kilometres from the CBD, this exceptional investment with development upside enjoys frontages to both South Gippsland Hwy and Cameron Street.

Situated immediately east of the Cranbourne racecourse and training complex, the Royal Botanic Gardens and adjacent the Cranbourne RSL, the site holds a valuable position and is made all the more desirable via four established and thriving tenancies.
Erected on the land are five buildings, ranging in size from 240m to 2,351m .
The largest tenancy at 1485 South Gippsland Highway is a stand-alone building with excellent access from the slip lane off the Highway and a second common driveway accessed via Cameron Street. Units 1-4, 13-27 Cameron Street, are a collection of three tenancies located upon four titles. All buildings have corrugated galvanised iron (CGI) or metal deck roofs and either CGI or brick walls and are accessed via concrete driveways and Roller Shutter Doors.
There is a further vacant parcel of land located at 29 Cameron Street which boasts a 50 metre frontage and a 70 metre depth (approx.) having a total area of approximately 3,489m .
This offering represents an outstanding opportunity to acquire a substantial property with two street frontages, development upside and impressive holding income.

Property History for 1485 South Gippsland Hwy, Cranbourne, VIC 3977

A timeline of how this property has performed in the market
Last Sold
$1,770,000
20 Jun 2017
  • 20 Jun 2017
    Sold for $1,770,000
  • 23 May 2017
    Listed for Sale Not Disclosed
  • 13 Jun 2003
    Sold for $1,750,000
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About Cranbourne 3977

The size of Cranbourne is approximately 16.5 square kilometres. There are 47 parks, covering nearly 40.2% of the 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 10,968 properties. Over the last 5 years, Houses in Cranbourne have seen a 19.95% increase in median value, while Units have seen a 21.29% increase. As at 31 July 2026:

  • The median value for Houses in Cranbourne is $761,375 while the median value for Units is $535,033.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 58 properties listed for sale, and 40 properties listed for rent in Cranbourne on OnTheHouse. According to Cotality's data, 517 properties were sold in the past 12 months in Cranbourne.

Suburb Insights for Cranbourne 3977

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.