FOR SALE
$475,000 - $495,000

8/16 The Esplanade South
Geelong VIC 3220

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
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Prime Bayside Investment Opportunity

Returning over 6.5% net p/a, this worry-free investment with guaranteed returns is a brilliant investment opportunity! Presenting a meticulously renovated two-bedroom apartment impeccably managed by Quest, a renowned industry expert. Quest takes care of every facet of leasing and maintenance, ensuring your peace of mind. Inside, you'll find a contemporary kitchen, generously proportioned living spaces, split-system heating and cooling, convenient laundry facilities and an inviting outdoor balcony.
With a solid annual rent income, this apartment promises steady growth and comes with the added security of a pre-existing lease agreement. Ideally located close to both the CBD and waterfront, this property provides easy access to all of the first class facilities Geelong has to offer. Act promptly to secure this outstanding investment prospect.
- Long lease agreement in place. 4% yearly increases every November
- Freshly renovated with contemporary finishes
- Spacious living areas and a modern kitchen enhance the living experience
- Split-system heat and cool in the living areas and master bedroom
- In-unit laundry facilities for convenience. Fully furnished.
- Secure parking within the complex provides peace of mind
- A secure lease agreement is already in place. Guaranteed returns
- The inner-city location offers easy access to the Bay and city amenities
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Property Details for 8/16 The Esplanade South, Geelong

8/16 The Esplanade South, Geelong is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 94m2. The place is currently for sale with McGrath Geelong | Newtown.

Building Type
Apartment
Floor Size
94m2

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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.

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Joseph Taranto
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McGrath Geelong | Newtown
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