FOR SALE
Sale Price Unavailable

16 Albert Street
Geelong West VIC 3218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 508m2
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Thu 12 Dec 12:00 pm
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Rare Commercial 1 Zone Property Ideal For Residential or Commercial

Renovate this red brick home into a stunning dwelling for the family or demolish the dwelling and develop the site into retail, office and/or apartments STCA.
Positioned on the doorstep of cosmopolitan Pakington Street Geelong West, this rare property offers a wonderful variety of options for those looking to add value to a wonderful investment opportunity.
The existing freestanding residential home requires a renovation and sits on a Commercial 1 Zone allotment of approximately 508m2, offers 2 street frontages. This is an ideal property for those looking to add to their SMSF or property portfolio or wishing to take advantage of the abundance of boutique shops, cafes, restaurants and amenities that this fantastic location has to offer.
Contact Jim Cross of Brock Buchanan for more details.
- Desirable development site, metres from the heart of the Pakington Street shopping precinct.
- Corner land holding of 508 sqm approx
- Over 45m of combined dual street frontage
- Zoning: Commercial 1 Zone (C1Z)
- Blank canvas opportunity offered with vacant possession
- Development potential for a range of uses (STCA)
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Property Details for 16 Albert St, Geelong West

16 Albert St, Geelong West is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 508m2. The place is currently for sale with McGrath Geelong | Newtown.

Building Type
House
Land Size
508m2

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About Geelong West 3218

The size of Geelong West is approximately 2.3 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Geelong West in 2011 was 6,682 people. By 2016 the population was 6,976 showing a population growth of 4.4% in the area during that time. The predominant age group in Geelong West is 20-29 years. Households in Geelong West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong West work in a professional occupation. In 2011, 58.5% of the homes in Geelong West were owner-occupied compared with 57.4% in 2016.

Geelong West has 4,731 properties. Over the last 5 years, Houses in Geelong West have seen a 32.71% increase in median value, while Units have seen a 21.67% increase. As at 31 October 2024:

  • The median value for Houses in Geelong West is $838,825 while the median value for Units is $481,536.
  • Houses have a median rent of $520 while Units have a median rent of $460.
There are currently 19 properties listed for sale, and 11 properties listed for rent in Geelong west on OnTheHouse. According to CoreLogic's data, 206 properties were sold in the past 12 months in Geelong west.

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Suburb Insights for Geelong West 3218

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Jim Cross
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Brock Buchanan
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McGrath Geelong | Newtown
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