First time offered in several decades with huge upside with Activity Zoning (ACZ1) residential and another use development potential supported by the wide rear lane via Mann Place.
Superbly located on high traffic major retail and service strip moments from the Sunshine Transport Super-Hub planned as the future of Melbourne Airport Rail Link.
Strategically zoned Activity Centre 1 promoting high density, mixed residential/commercial development in one of the four major National Employment and innovation Clusters under Plan Melbourne 2017-2020
_Shop 252A- Lease commenced 16th October 2024. Term 3x3x3x3 Years, Lease expires 16 October 2036.
_Shop 252B- Lease commenced 26th November 2024. Term 5x5x5 Lease expires 26th November 2038.
_Rental Income $61,800.00 Plus GST, plus outgoings paid by tenants.
_Double shop on One Title.
_Building and Land area 222m2 approx.
_Huge Upside with rear access via Mann Place.
_Zoned Activity Centre Zone- Schedule 1.
_Add value through residential apartments or multi-level offices STCA.
DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD
SUNSHINE VIC 3020
The size of Sunshine is approximately 4.7 square kilometres. It has 18 parks covering nearly 8.7% of total area. The population of Sunshine in 2016 was 9768 people. By 2021 the population was 9445 showing a population decline of 3.3% in the area during that time. The predominant age group in Sunshine is 30-39 years. Households in Sunshine are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunshine work in a professional occupation.In 2021, 55.70% of the homes in Sunshine were owner-occupied compared with 55.80% in 2016.
Sunshine has 5,909 properties. Over the last 5 years, Houses in Sunshine have seen a 7.82% increase in median value, while Units have seen a 5.44% increase. As at 31 March 2026:
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