FOR SALE
$895,000

126 Commercial Road
Koroit VIC 3282

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 315m2
Land area: 1625m2
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VERY RARE - FREEHOLD & DEVELOPMENT OFFERING!

Located in the heart of Koroit, is this fantastic property with so much potential and diverse options.
Koroit Bakery Freehold sale with Planning Permit approved for 3 townhouses.
- Secure lease offered at $60,000 per annum plus GST & Outgoings
- 5 years with 2 x 3 year options
- Each townhouse is designed with 2 bedrooms, 2 bathrooms & double garages
- Ideal for aging population searching for central low maintenance housing
- Perfect short term accommodation options also as Koroit & the district have many cultural festivals & events that attract people from across the country
- 1625m2 total
A purchase of the freehold will offer you a solid income straight away then depending on what you do with the development there is certainly further income to be created.
Call today for further information and to register your interest.

Property Details for 126 Commercial Rd, Koroit

Building Type
Commercial
Floor Size
315m2
Land Size
1625m2

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About Koroit 3282

The size of Koroit is approximately 42 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2011 was 1,957 people. By 2016 the population was 2,043 showing a population growth of 4.4% in the area during that time. The predominant age group in Koroit is 50-59 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a trades occupation. In 2011, 78% of the homes in Koroit were owner-occupied compared with 77.9% in 2016.

Koroit has 1,283 properties. Over the last 5 years, Houses in Koroit have seen a 58.88% increase in median value, while Units have seen a 32.64% increase. As at 30 November 2024:

  • The median value for Houses in Koroit is $598,923 while the median value for Units is $430,302.
  • Houses have a median rent of $540.
There are currently 24 properties listed for sale, and no properties listed for rent in Koroit on OnTheHouse. According to CoreLogic's data, 46 properties were sold in the past 12 months in Koroit.

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Jason Thwaites
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Ray White Warrnambool
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