7-9 Lincoln StreetCorio VIC 3214
Property Details for 7-9 Lincoln St, Corio
7-9 Lincoln St, Corio is a 5 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 1220m2.
Last Listing description (March 2022)
Unique investment opportunity located on a 1,215sqm block (approx.). This property comprises of 5 units with potential for 6 units (slab already complete). These units are individually Titled and metered. This property offers a tremendous opportunity for investors with a combined current rental income of $960 per week (approx.). With renovations these units would bring in even more rental income. Four units are currently tenanted making for easy transfer.
Unit 1 Slab only
Unit 3 - $180 per week (Fixed Lease till 22 June 2022)
Unit 4 - $190 per week (Periodic Lease)
Unit 5 Advertising for $220 per week
Unit 6 - $180 per week (Periodic Lease)
The updated rental appraisal indicates that each unit could potentially be rented at $205 per week.
Each unit consists of 1 generous bedroom with built in robe, combined bathroom and laundry with separate toilet, open plan living area, courtyard and 1 car carport on 100sqm (approx.). Located on a quiet street across from Lincoln Reserve, conveniently located close to Corio Village, Ring Road and Princes Highway for easy access to Geelong's many attractions.
Property History for 7-9 Lincoln St, Corio, VIC 3214
- 08 Dec 2021Listed for Sale $1,090,000 - $1,150,000
- 30 Apr 2018Listed for Sale AUCTION - Unless Sold Prior
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0About Corio 3214
The size of Corio is approximately 19.1 square kilometres. It has 36 parks covering nearly 8.8% of total area. The population of Corio in 2011 was 15,072 people. By 2016 the population was 15,298 showing a population growth of 1.5% in the area during that time. The predominant age group in Corio is 10-19 years. Households in Corio are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Corio work in a labourer occupation. In 2011, 61% of the homes in Corio were owner-occupied compared with 58% in 2016.
Corio has 7,858 properties.
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