The newly created Sugarhill Business Park can be found opposite the CSR sugar refinery within minutes of the historic railway precinct. Completed in 2019/20 and awarded best industrial project by the REIV, Sugarhill is already well-established with a wide variety of growing businesses who are enjoying its fantastic location close to the vibrant Yarraville town centre.
Imagine being able to drop the kids at school and be at your workplace within minutes; meeting a supplier or client at one of the many popular restaurants and cafés down the road and then picking the kids up from school easily, whenever you need to, before arriving back home just around the corner. When everything you need is at your doorstep, you save precious time, resulting in a great work-life balance.
More and more people are flocking to Yarraville, as demonstrated by its population growth of 15% since 2011, mainly in the 25-45 age groups. Of its total population of almost 15,000 people, families make up 70% of the total demographic and this thriving suburb has seen median house prices increase by a third in just five years between 2011 and 2016*.
Throw in these statistics and its premium city-fringe location and it is clear to see why Yarraville is attracting growing small to medium businesses wanting to be close to the action. Only 6km from Melbourne CBD and Docklands via the Westgate Freeway, Sugarhill Business Park's remaining brand new urban workspaces, with high exposure street frontage to Whitehall Street, will not last long. Savvy investors and business owners will know that they need to invest for the future and anticipate the demand that will increase even further once the tunnel is completed. Moreover, with the booming residential market, this is usually a good sign for the commercial property market too as both benefit from the same drivers of population growth, improving economics and low interest rates - all of which contribute to opportunities for long-term income, huge potential for capital growth and a more diversified investment portfolio.
*Source: www.myvictoria.vic.gov.au
For more information, contact Glyn Bosisto on 0414 304 580