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38 & 38a Everist Road
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 222m2
Land area: 1020m2
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Incredible opportunity with existing Telstra lease!

This asset presents a prime opportunity to expand your business, diversify your investment portfolio, or secure a premium development site with boundless potential.
The property offers the opportunity to have two tenants on the one title, with an existing long-term agreement with blue chip company, Telstra leasing the rear section of the property. Providing the opportunity to further lease out the warehouse.
Facts
• Industrial 1 Zoning
• Land size 1,020sqm (approx.)
• Long term lease to Telstra with additional tenant possibilities
• Further subdivision possibilities (STCA)
• Servicing a growing population of 17,714+ in Ocean Grove
• 25 minutes to Geelong CBD
A large land size of 1,020sqm(approx.) provides ample possibilities to suit your specific needs, or for the potential of further subdivision (STCA) redevelopment.
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Property Details for 38 & 38a Everist Rd, Ocean Grove

Building Type
Commercial
Floor Size
222m2
Land Size
1020m2

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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.

Ocean Grove has 11,254 properties. Over the last 5 years, Houses in Ocean Grove have seen a 41.75% increase in median value, while Units have seen a 29.44% increase. As at 30 September 2024:

  • The median value for Houses in Ocean Grove is $1,004,394 while the median value for Units is $816,864.
  • Houses have a median rent of $575 while Units have a median rent of $520.
There are currently 166 properties listed for sale, and 14 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 389 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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Jacob Platt
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Mark Blaskovic
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Ocean Grove Real Estate
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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.