This tidy 240m2 approx. industrial unit situated in Apparel Close, Breakwater offers a great opportunity for an investor to achieve a solid return. Offering a secure three-year lease with options at $26,000 per annum plus GST and outgoings, Unit Six has been home to a reputable local business for over six years. This low-maintenance unit is part of a secure complex and has street frontage and great access to Geelong CBD. Don t miss a great opportunity to enter the Geelong investment market at the right time.
3x3x3 year lease at $26,000pa + GST + outgoings
240m2 approx. Industrial unit
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:
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