OFF MARKET

226 St Albans Road
Breakwater VIC 3219

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Property Details for 226 St Albans Rd, Breakwater

Building Type
Commercial
Local Government
Greater Geelong
Lot/Plan
83/LP77685

Last Listing description (November 2024)

Affordable business opportunity awaits

Tradie's Takeaway Convenience Store - Milk Bar for Sale - Geelong Area$65,000 plus SAV This well patronised Tradies Takeway - Convenience Store presents as an affordable and thriving business opportunity for the astute investor or entrepreneur wanting to be their own boss. With a well-established and long standing reputation as the local go to Milkbar for local residents and the convenient takeaway for hungry tradies and employees of surrounding industrial businesses and local Tafe. There are further opportunities to expand the business with surrounding school lunches and increased catering. Located on a main road opposite a massive sporting facility at a major bus stop with an abundance of parking available the shop enjoys regular passing traffic and advertising to a loyal and regular customer base ensures a profitable income of $5500 - $6500 per week with room for further growth. The business is fully equipped including walk-in cool room and separate food prep room. The current owners are happy to offer a seamless transition for the new owner to step in and learn the running of the business, involving training and a handover period for potential purchasers. Included is a 2 bedroom unit that maybe sublet and a fantastic opportunity to absorb the shop rent. the current lease has 3 years to run with a further term available at rent under $400 per week for both shop and unit. Settlement terms are flexible and financials are available upon genuine interest and request.Lease is 3 x 3 and the business is sold on a WIWO basis Please note, all information is provided by third parties. Prospective purchasers are advised to make their own enquiries with respect to the accuracy of information relating to properties. Eastwood Andrews will not be liable for any loss resulting from any action or decision by you in reliance on the information supplied.

Property History for 226 St Albans Rd, Breakwater, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$202,000
19 Jun 2008
  • 16 Sep 2024
    Listed for Sale $65000 plus SAV
  • 29 May 2008
    Listed for Sale $199,000
  • 21 May 2006
    Listed for Sale 335000

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About Breakwater 3219

The size of Breakwater is approximately 3.1 square kilometres. It has 7 parks covering nearly 32% of total area. The population of Breakwater in 2011 was 1,059 people. By 2016 the population was 1,030 showing a population decline of 2.7% in the area during that time. The predominant age group in Breakwater is 20-29 years. Households in Breakwater are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Breakwater work in a trades occupation. In 2011, 62.4% of the homes in Breakwater were owner-occupied compared with 60.8% in 2016.

Breakwater has 1,117 properties. Over the last 5 years, Houses in Breakwater have seen a 28.22% increase in median value, while Units have seen a 7.06% increase. As at 30 November 2024:

  • The median value for Houses in Breakwater is $627,978 while the median value for Units is $427,030.
  • Houses have a median rent of $430 while Units have a median rent of $375.
There are currently no properties listed for sale, and 2 properties listed for rent in Breakwater on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Breakwater.

Suburb Insights for Breakwater 3219

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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.