3/40 Princes WayDrouin VIC 3818
Property Details for 3/40 Princes Way, Drouin
Last Listing description (July 2024)
- Diverse Income of $129,458*
- 502 sqm* Corner Landholding
- 42 m* Valuable Street Exposure
The key highlights of the opportunity include:
- 100% Leased to two established tenant, Nick's Bakehouse & Meluca Group
- A highly trafficked and strategic corner position benefiting from wide footpaths/outdoor seating ideal for hospitality
- Providing combined annual income of $129,458* with fixed annual growth through set increases of 3.5% & 3.0%
- Arguably Drouin's most well exposed corner boarding Princes Way & Main S Road, together the two streets provide exposure to over 27,000 passing cars daily*
- Versatile 502 sqm* Commercial 1 Zoned landholding with 42 m* street exposure and additional rear lane access
- Located in the centre of Drouin, a rapidly expanding regional centre ~33 km east of booming Metropolitan Melbourne
- Princes Way is the retail backbone of Drouin, bolstered by national retailers, hospitality businesses and public transport (train station)
- Drouin suburb sits within the Baw Baw Shire, a booming municipality which is forecast to see a 53% increase in population by 2041
*Approximate
To obtain further information or to arrange an inspection, please contact the exclusive selling agents:
Wilson Property:
Ben Wilson
0412 525 542
Emma Dunne
0407 865 838
Stonebridge Property Group:
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
Property History for 3/40 Princes Way, Drouin, VIC 3818
- 18 Jul 2024Listed for Sale Contact Agent
- 02 Apr 2024Listed for Sale Contact Agent
- 08 Feb 2022Listed for Rent $48,877 / year
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 9,834 properties. Over the last 5 years, Houses in Drouin have seen a 32.08% increase in median value, while Units have seen a 25.51% increase. As at 31 March 2026:
- The median value for Houses in Drouin is $723,388 while the median value for Units is $445,429.
- Houses have a median rent of $560 while Units have a median rent of $450.
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