34 & 36 Gap Road

Combining 2 sites totaling 1593m2 approx, this ideal location within walking distance to the heart of Sunbury including shops/train station offers enormous development opportunities. Coordinated within the Hume City council Planning Scheme, the ability to build a multi level development to cater for the ever growing population of Sunbury is on offer STCA. A population projected to grow from 39,188 in 2021 to 58,777 by 2031 and further to 106,049 by 2041. That's a growth estimate of almost 50% by 2031 and 170% by 2041. Your opportunity to benefit from this growth is only limited by your imagination. With a yearly lease return from both sites of $120,000 plus outgoings, the revenue stream runs until 2036 when the leases for the current tenants expire. The options and profit potential are endless. Call now to discuss in more detail. Sale Process & Communication Notice The vendor may sell the property at any time, including prior to any advertised date, and reserves the right to vary the sale method or bring any advertised auction forward. Prospective purchasers must notify the selling agent in writing of their interest and intended participation to ensure they are kept informed of any changes to the sale process. Purchasers are responsible for ensuring their contact details remain current and that they remain contactable regarding this property, as the agent cannot guarantee delivery of updates where communication preferences have been restricted, or contact details are incorrect.