40 Princes WayDrouin VIC 3818
Property Details for 40 Princes Way, Drouin
Last Listing description (April 2023)
Stonebridge Property Group in conjunction with Wilson Property are pleased to present for sale 40 Princes Way, Drouin.
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 $122,852* 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:
Stonebridge Property Group:
Nic Hage
0448 782 594
Rorey James
0439 400 081
Sarah Xi
0468 320 297
Wilson Property:
Ben Wilson
0412 525 542
Emma Dunne
0407 865 838
Property History for 40 Princes Way, Drouin, VIC 3818
- 30 Sep 2022Listed for Sale ASKING PRICE $2,400,000
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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