***OFFER UNDER REVIEW***
Under instructions from Mortgagee in possession, Gross Waddell ICR is pleased to offer for sale via Expression of Interest this town centre development opportunity within the booming Armstrong Creek Town Centre.
Key property highlights include:
Highly prominent site adjoining the new Armstrong Creek Library and neighbouring Coles, McDonald's, KFC, Hungry Jack's, Carl's Jr. and Dan Murphy's
Cleared land of 1,911 sqm* with dual frontage totalling 86m* allowing for potential medical, commercial, retail and mixed-use development (STCA)
Plans prepared for 1,650 sqm* building over 2 levels suited for medical and affiliated allied health uses (STCA)
Located in booming regional growth area with population forecast to grow from 13,614 in 2023 to 27,315 in 2044
Strategically located 8.5km* from the Geelong CBD and 10km* from Torquay
Close to a host of amenity and major road networks
12-16 Main Street, Armstrong Creek is for sale via Expression of Interest closing Thursday 16th November 2023 at 2pm. For further information please contact Gross Waddell ICR directly.
*Approx.
The size of Armstrong Creek is approximately 18.7 square kilometres. It has 2 parks covering nearly 6% of total area. The population of Armstrong Creek in 2011 was 353 people. By 2016 the population was 4,237 showing a population growth of 1100.3% in the area during that time. The predominant age group in Armstrong Creek is 30-39 years. Households in Armstrong Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Armstrong Creek work in a professional occupation. In 2011, 88.5% of the homes in Armstrong Creek were owner-occupied compared with 73.1% in 2016.
Armstrong Creek has 9,706 properties. Over the last 5 years, Houses in Armstrong Creek have seen a 24.82% increase in median value, while Units have seen a 20.37% increase. As at 31 July 2024:
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