OFF MARKET

14-16 Mitchell Street
Colbinabbin VIC 3559

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 95m2
Land area: 1808m2
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Property Details for 14-16 Mitchell St, Colbinabbin

14-16 Mitchell St, Colbinabbin is a 3 bedroom, 1 bathroom House. The property has a land size of 1808m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Floor Size
95m2
Land Size
1808m2
Local Government
Campaspe
Lot/Plan
7~3/PP5187

Last Listing description (November 2023)

Here's a great business opportunity with a commercial building and a three bedroom residence positioned side by side, right in the centre of Colbinabbin's township. 2 separate titles to be sold as a whole. Rear street access is very handy for the workshop and main street frontage makes the position of this property very good.
The home consists of kitchen, dining and lounge room with reverse cycle split system, 2 bedrooms, large rumpus room with solid wood heater (this room can be used as a third bedroom with room for multiple beds/bunks), three piece bathroom and a separate laundry and toilet and large backyard offering plenty of space and carport. Home currently tenanted.
The spacious vehicle repair workshop has plenty of allocated parking and as a result, the business could keep a good number of vehicles on-site at any particular time. Mechanical workshop space is well set up with 9m long pit with power and steel cover. Inclusions are 3 car hoists, steel benches, air compressor and press. In addition to its workshop area, the building also has a separate office, kitchenette area, separate toilet, display/parts storage area. With the convenience of a 2 bedroom residence next door, this business has the potential to build and grow under the right ownership, perfect for someone who has a passion for the automotive industry and is eager to take it to the next level. Workshop to be sold with vacant possession.

A typical classic 'country lifestyle', could be had here, which would not disappoint, with so many business options possible to establish a varied range of income streams for the motivated operator whilst also allowing the convenience of being able to live on site. This is an opportunity to take advantage of, with a strong, supportive community and no immediate local competition. Inspection worthwhile! Call Luke Ryan on 0438 841 127 to arrange an inspection.

Property History for 14-16 Mitchell St, Colbinabbin, VIC 3559

A timeline of how this property has performed in the market
Last Sold
$400,000
21 Aug 2023
  • 21 Aug 2023
    Sold for $400,000
  • 01 Jul 2023
    Listed for Sale 400,000 plus GST
  • 28 Jun 2013
    Listed for Sale Not Disclosed
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About Colbinabbin 3559

The size of Colbinabbin is approximately 126.8 square kilometres. The population of Colbinabbin in 2011 was 295 people. By 2016 the population was 303 showing a population growth of 2.7% in the area during that time. The predominant age group in Colbinabbin is 0-9 years. Households in Colbinabbin are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Colbinabbin work in a managers occupation. In 2011, 81.3% of the homes in Colbinabbin were owner-occupied compared with 78.8% in 2016..

Colbinabbin has 192 properties. Over the last 5 years, Houses in Colbinabbin have seen a 34.64% increase in median value. As at 31 October 2024:

  • The median value for Houses in Colbinabbin is $382,804.
There are currently 5 properties listed for sale, and no properties listed for rent in Colbinabbin on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Colbinabbin.

Suburb Insights for Colbinabbin 3559

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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.