32 South Gippsland HighwayCranbourne VIC 3977
Property Details for 32 South Gippsland Hwy, Cranbourne
Last Listing description (December 2008)
CORNER THE CRANBOURNE MARKET
(208358) EXCEPTIONAL OPPORTUNITY TO ACQUIRE A PROMINENT CORNER SITE IN THE HEART OF CRANBOURNE.
PRIMED FOR RE-DEVELOPMENT OR INVESTMENT. SURROUNDED BY QUALITY DRAW-CARD TENANTS INCLUDING ALDI, CRANBOURNE FRESH MARKET, KELLEY'S HOTEL & RITCHIES IGA SUPERMARKET.
* FOUR RETAIL SHOPS ON ONE TITLE
* PROMINENT CORNER SITE WITH FRONTAGE TO HIGH STREET
* BUILDING AREA 475 SQM (APPROX)
* SITE AREA 590 SQM (APPROX)
* CURRENT RENTAL $90,360 (APPROX) PLUS OUTGOINGS
* EXCELLENT FUTURE REDEVELOPMENT POTENTIAL (STCA)
EXPRESSIONS OF INTEREST CLOSING: 2PM TUESDAY 9TH DECEMBER, 2008
Property History for 32 South Gippsland Hwy, Cranbourne, VIC 3977
- 15 Apr 2011Listed for Rent - Price not available
- 05 Aug 2009Sold for $1,600,000
- 20 Jun 2009Listed for Rent - Price not available
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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 10,934 properties. Over the last 5 years, Houses in Cranbourne have seen a 28.70% increase in median value, while Units have seen a 27.14% increase. As at 30 April 2026:
- The median value for Houses in Cranbourne is $775,376 while the median value for Units is $535,459.
- Houses have a median rent of $550 while Units have a median rent of $495.
Suburb Insights for Cranbourne 3977
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