34 & 36 Gap Road
Sunbury, VIC 3429

Overview

34 & 36 Gap Road, Sunbury

This offering combines two adjoining sites totaling approximately 1593 square meters, situated in an ideal location within walking distance to the heart of Sunbury, including shops and the train station. This presents significant development opportunities for investors or developers.

Under the Hume City Council Planning Scheme, there is potential to develop a multi-level project, subject to council approval, to accommodate the growing population of Sunbury. The area is experiencing rapid growth, with the population projected to increase from 39,188 in 2021 to 58,777 by 2031, and further to 106,049 by 2041. This represents an estimated growth of nearly 50% by 2031 and 170% by 2041, offering substantial potential for future development and investment returns.

Currently, the properties generate a combined annual lease income of $120,000 plus outgoings, with leases in place until 2036. This provides a steady revenue stream while allowing for long-term planning and development options. The possibilities for profit and development are extensive, limited only by the vision of the purchaser.

Prospective buyers should note that the vendor reserves the right to sell the property at any time, including prior to any advertised date, and may alter the sale method or bring forward any auction dates. Interested parties are advised to notify the selling agent in writing of their interest and intended participation to ensure they receive updates regarding the sale process. It is the responsibility of purchasers to maintain current contact details to receive communications, as the agent cannot guarantee delivery of updates if contact preferences are restricted or details are incorrect.

Location