990 Thompsons RoadCranbourne West VIC 3977
Property Details for 990 Thompsons Rd, Cranbourne West
Last Listing description (May 2022)
With over 9.5* hectares of prime commercial land in Melbourne's tightly held south-east employment corridor, Thompsons Road and Missens Road Cranbourne West, provides an opportunity not seen in the market for over a generation.
The last of its kind, offering a significant land holding with the ultimate flexibility. With five substantial lots sprawling across 9.5* hectares, a commercial offering of this size and flexibility cannot be found anywhere else in Melbourne's south-east.
Ideally located in one of Melbourne's fastest growing suburbs, featuring unrivalled connectivity to Greater Melbourne and approximately 300*m of frontage to Thompsons Road.
THE NEW EPICENTRE OF MELBOURNE'S SOUTH-EAST
Melbourne's south-east industrial market is seeing record low vacancy rates and a shortage in supply. Fuelled by the accelerated growth of e-commerce, requiring substantially more warehousing space in a market with existing supply constraints. Once centred only around Dandenong, Melbourne's industrial heartland is now shifting south to areas such as Cranbourne West due to supply constraints and rising prices in Dandenong.
This exceptional offering is one not to be missed.
For Sale by Expressions of Interest closing Wednesday, 8th December 2021 at 3pm (AEST)
The five lots are for sale in one line or individually. Combinations of multiple lots will be considered by the vendor, as well as opportunities for joint venture investments alongside the current owner.
AGENT CONTACTS
Joe Catanese Ben Ameti
0418 367 514 0434 551 577
Property History for 990 Thompsons Rd, Cranbourne West, VIC 3977
- 22 Apr 2022Sold for $11,088,525
- 04 Nov 2021Listed for Sale Contact Agent
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About Cranbourne West 3977
The size of Cranbourne West is approximately 11.8 square kilometres. It has 23 parks covering nearly 10.1% of total area. The population of Cranbourne West in 2016 was 15035 people. By 2021 the population was 19969 showing a population growth of 32.8% in the area during that time. The predominant age group in Cranbourne West is 30-39 years. Households in Cranbourne West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cranbourne West work in a trades occupation.In 2021, 74.30% of the homes in Cranbourne West were owner-occupied compared with 76.00% in 2016.
Cranbourne West has 9,389 properties. Over the last 5 years, Houses in Cranbourne West have seen a 32.07% increase in median value, while Units have seen a 36.28% increase. As at 28 February 2026:
- The median value for Houses in Cranbourne West is $784,328 while the median value for Units is $592,591.
- Houses have a median rent of $580 while Units have a median rent of $510.
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