Register

Your Details

I am interested in

*Required field

Thank you for your registration

Property Type

State

Status

Register

Closed

Private Property Trust No. 5
Cranbourne West 

1 – 5 Monahans Road, Cranbourne West VIC 3977

Leased To

Trust

Private Property Trust No. 5

Purchase Date

1 February 2019

Price

$12,200,000

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 upgrade 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.

Location

Register Investor
Interest

Your Details

I am interested in

*Required field

Thank you for your registration

Related Properties 

Childcare

Clayfield, QLD. 
PRIVATE PROPERTY TRUST NO. 5

Read More

Fuel

Little River, VIC.
Private Property Trust No. 6 

Read More

Fuel

Epping, VIC.
Private Property Trust No. 11

Read More