FOR SALE
$120,000

Contact Agent For Address
Geelong VIC 3220

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
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Well-known Japanese Restaurant - Name matters

Takings: $10,000 per week average. ($17,000 per week Max. pre-COVID)
- Prime location within the CBD offers great visibility and exposure to busy foot traffic.
- Locally well-known Japanese Restaurant, 20 years of serving the neighborhood get them good reputations and stable revenues.
- This restaurant is still have 5 years lease left (can be renewed) with attractive weekly rent.
- The premises is well-equipped with a tasteful design, including an asian kitchen.
- The premises provides seating for 48 patrons.
- Licensed to sell alcohol.
- In a high population area, surrounded by many businesses, offices and schools, also well-known for tourist attraction.
Price to $230,000 negotiable
Grab this opportunity before it slips away!
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Property Details for Contact Agent For Address, Geelong

Building Type
Commercial
Floor Size
150m2

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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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Shaun Ma
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Oxbridge Property Group
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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.