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.
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.
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 78.41% increase in median value. As at 31 December 2024:
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