FOR SALE
$189,000 + Stock

Princes Highway
Geelong VIC 3220

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3825m2
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Prime Indian Grocery & Butcher Business for Sale in Geelong!!

A Thriving Business with Unlimited Potential
Are you ready to embark on a rewarding entrepreneurial journey? This well-established Indian Grocery & Butcher Shop in Geelong presents an exceptional opportunity to own a profitable business with a loyal customer base.
Key Features:
• Prime Location: Situated on a busy main road, ensuring high visibility and foot traffic.
• Spacious Premises: Boasting a generous 3825 square meters of space, providing ample room for operations and potential expansion.
• Strong Performance: Consistently generating a weekly turnover of $10,000 to $12,000 Per Week.
• Low Operating Costs: Benefit from a reasonable rent of $1,600 per week, inclusive of GST and outgoings.
• Secure Leasehold: Enjoy peace of mind with a 7-year lease.
• Proven Business Model: Established for 5 years under the same ownership, ensuring stability and reliability.
• Substantial Asset Value: Total asset and fitting value estimated at $300,000, including essential equipment and inventory.
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Property Details for Princes Highway, Geelong

Building Type
Commercial
Land Size
3825m2

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About Geelong 3220

The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2011 was 4,700 people. By 2016 the population was 5,220 showing a population growth of 11.1% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation. In 2011, 55.3% of the homes in Geelong were owner-occupied compared with 54% in 2016.

Geelong has 6,130 properties. Over the last 5 years, Houses in Geelong have seen a 28.46% increase in median value, while Units have seen a 5.92% increase. As at 31 October 2024:

  • The median value for Houses in Geelong is $852,765 while the median value for Units is $590,064.
  • Houses have a median rent of $525 while Units have a median rent of $500.
There are currently 35 properties listed for sale, and 30 properties listed for rent in Geelong on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Geelong.

Suburb Insights for Geelong 3220

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Sanjeev Sharma
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.