65 Bailey StreetTimboon VIC 3268
Property Details for 65 Bailey St, Timboon
Last Listing description (June 2024)
The "Wash Dock" car wash Timboon offers investors a premium high yield investment opportunity with modern well very maintained equipment and building in an ideal high traffic location. Presented to the market as freehold, equipment and business goodwill, low input investment opportunities such as this are a welcome find.
Located on a most ideal 1311 m2 Mixed Use Zoned (MUZ) allotment with dual street access, the facility comprises a fully automatic "Laserwash" touch free unit in addition to 2 manual car wash bays and a high volume vacuum station.
Providing a high quality service to the local townships, in addition to a high volume of traffic from local farming areas on route to major regional centres including Warrnambool and Colac, current throughput and opportunity for continued growth are evident.
Opportunity to expand is almost limitless, either on the existing 1311 m2 dual street allotment or further again by the second property offered, a neighbouring 993 m2 Multi Use Zoned property currently occupied by a 4 bedroom residence. An ideal managers or owners residence or potential expansion site in the future (STCA).
The spacious 4 bedroom home offers 2 living areas, kitchen/ dining area, large bedrooms, bathroom with tub, separate shower, laundry and WC. The rear of the fenced dual street property opens to a large paved undercover entertaining area, grassed backyard and a 3 bay colorbond lock up shed.
Offered to the market via a "Sale By Deadline" (Expressions of Interest), closing 2pm 26/4/2024 as individual allotments or a combined aggregation, opportunities such as this a few in the rapidly expanding and vibrant service hub and artisans favourite township of Timboon.
Property History for 65 Bailey St, Timboon, VIC 3268
- 11 Jun 2024Listed for Sale Set Sale Date
- 05 Jun 2024Sold for $362,000
- 16 Dec 2023Transferred
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0About Timboon 3268
The size of Timboon is approximately 82 square kilometres. It has 1 park covering nearly 0.5% of total area. The population of Timboon in 2011 was 1,255 people. By 2016 the population was 1,191 showing a population decline of 5.1% in the area during that time. The predominant age group in Timboon is 50-59 years. Households in Timboon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Timboon work in a labourer occupation. In 2011, 80.6% of the homes in Timboon were owner-occupied compared with 78.2% in 2016.
Timboon has 865 properties. Over the last 5 years, Houses in Timboon have seen a 63.53% increase in median value, while Units have seen a 14.59% increase. As at 31 August 2024:
- The median value for Houses in Timboon is $440,930 while the median value for Units is $342,255.
- Houses have a median rent of $410.
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