SOLD
Sold on 23 Nov 2023 for $2,420,000

12-16 Main Street
Armstrong Creek VIC 3217

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1911m2
Sold By
Alex Ham
Gross Waddell ICR Pty Ltd
Andrew Greenway
Gross Waddell ICR Pty Ltd
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Property Details for 12-16 Main St, Armstrong Creek

Building Type
Land
Land Size
1911m2
Local Government
Greater Geelong
Lot/Plan
C/PS906030

Last Listing description (November 2023)

***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.

Property History for 12-16 Main St, Armstrong Creek, VIC 3217

A timeline of how this property has performed in the market
Last Sold
$2,420,000
23 Nov 2023
  • 23 Nov 2023
    Sold for $2,420,000
  • 17 Oct 2023
    Listed for Sale Contact Agent
  • 10 Nov 2021
    Sold for $1,760,000

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About Armstrong Creek 3217

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:

  • The median value for Houses in Armstrong Creek is $693,022 while the median value for Units is $711,088.
  • Houses have a median rent of $510 while Units have a median rent of $480.
There are currently 116 properties listed for sale, and 27 properties listed for rent in Armstrong creek on OnTheHouse. According to CoreLogic's data, 566 properties were sold in the past 12 months in Armstrong creek.

Suburb Insights for Armstrong Creek 3217

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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.