109 Princes WayDrouin VIC 3818
Property Details for 109 Princes Way, Drouin
Last Listing description (August 2023)
Harcourts Warragul are delighted to offer via Private Sale 109-111 Princes Way Drouin and 9-11 Hamp Lane Drouin.
Key highlights of the opportunity include:
- 100% leased to three established tenants
- Total building area 240 sqm (approx.)
- Commercial 1 Zoned landholding of 370 sqm (approx.)
- Tightly held central CBD location
- High traffic area surrounded by national brands and other successful businesses
109-111 Princes Way Drouin
- Annual income of $31,621.44 pa + GST + Outgoings
- Occupied by a National Real Estate brand
- Two year term commencing December 2022
- Building area 120 sqm (approx.)
9 Hamp Lane Drouin
- Annual income of $22,915.44 pa + GST + Outgoings
- Leased to a massage salon
- Three year term commenced March 2021 with three further three year options
- Building area 60 sqm (approx.)
11 Hamp Lane Drouin
- Annual income of $18,894.72 pa + GST + Outgoings
- Leased to a massage salon
- Three year term commenced April 2022 with one further three year option
- Building area 60 sqm (approx.)
Drouin is located in the South Eastern growth corridor of Victoria and is a major population and service centre of West Gippsland and the greater Baw Baw Shire region, which as a whole is forecast to see a substantial population increase of 49.78% by 2041 (source: Forecast.ID)
For further information or to book an inspection, please contact Marino Perioris on 0476 808 845 / marino.perioris@harcourts.com.au
Property History for 109 Princes Way, Drouin, VIC 3818
- 17 May 2023Sold for $1,335,000
- 02 Dec 2022Listed for Sale $1,500,000
- 20 Apr 2021Listed for Sale $1,600,000 Ex GST
Recent sales nearby
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About Drouin 3818
The size of Drouin is approximately 52.4 square kilometres. It has 47 parks covering nearly 4.0% of total area. The population of Drouin in 2016 was 12349 people. By 2021 the population was 15287 showing a population growth of 23.8% in the area during that time. The predominant age group in Drouin is 0-9 years. Households in Drouin are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin work in a trades occupation.In 2021, 75.80% of the homes in Drouin were owner-occupied compared with 71.70% in 2016.
Drouin has 9,837 properties. Over the last 5 years, Houses in Drouin have seen a 37.51% increase in median value, while Units have seen a 30.43% increase. As at 30 November 2025:
- The median value for Houses in Drouin is $695,113 while the median value for Units is $423,361.
- Houses have a median rent of $550 while Units have a median rent of $435.
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