Closed
Westernport Private Property Trust
Westernport
910 Thompsons Road, Cranbourne West, VIC
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Leased To |
   |
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Trust |
Westernport Private Property Trust |
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Purchase Date |
1st October 2013 |
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Price |
$11,000,000 |
Property Profile
The property is a large service centre located at the intersection of Thompsons Road, and Westernport Highway, two arterial roads in Melbourne’s south east growth area. The Cranbourne West Service Centre is a large site of 1.986ha, comprising approx. 1,000sqm retail, 860sqm car canopy and 250sqm truck canopy.
The site contains significant on-site parking and both Red Rooster and McDonalds have a drive-through. The site has a large food court which has been recently refurbished.
The area is experiencing strong population growth driven by new housing estates being developed in the area. Residential development forecasts assume the number of dwellings in Cranbourne West will increase by an average of 216 dwellings per annum to 9,519 in 2041.
The Thompsons Road major upgrad is nearing completing in the middle of 2019 whereby traffic volumes are expected to more than double, once works are complete catering for the ever-increasing demand.
The service centre is only 2kms away from Merinda Park train station and very close to the Marriott Waters Shopping Centre.