SOLD
RECENT ADVICE
Sold on 02 Sep 2024 for $890,000

14-16 Mortimer Street
Drysdale VIC 3222

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Land area: 1040m2
Sold By
Bellarine Property
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Property Details for 14-16 Mortimer St, Drysdale

Building Type
Commercial
Land Size
1040m2
Local Government
Greater Geelong
Lot/Plan
5/LP147636

Last Listing description (September 2024)

The Feel:Strategically positioned on the doorstep of the Drysdale town centre and benefitting from strong passing traffic, this freestanding commercial building sits on an impressive 1040sqm (approx.) site, providing an exciting opportunity for investment, owner occupation, or potential for redevelopment (STCA). With favourable Commercial 2 Zoning, the property currently offers a substantial warehouse/shopfront, coupled with common facilities and excellent parking, and presents a wonderful opportunity to secure a well-known building in a superb industrial locale.The Facts:-Outstanding commercial opportunity in Drysdale's industrial hub-Standalone warehouse, shed or large shopfront with an underlying land area of 1040sqm (approx.)-500sqm of under roof warehouse space-Potential to utilise or lease as two separate factories -Commercial 2 Zoning and 24.7m frontage provides enormous development potential-Existing building offers large clear span space + storage & bathroom facilities-4.5m roller doors provide outstanding entry clearance & access-On-site car parking for up to 8 vehicles-Unrivalled lifestyle amenity with Drysdale's retail and hospitality precinct within immediate proximity-Located amongst key local businesses including Coles, Aldi, Repco, Drysdale Removals & KFC-A rare opportunity for owner occupiers & investors to acquire a large freestanding building in a sought-after industrial precinct*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 14-16 Mortimer St, Drysdale, VIC 3222

A timeline of how this property has performed in the market
Last Sold
$890,000
02 Sep 2024
  • 29 Aug 2024
    Sold for $890,000
  • 16 Jul 2024
    Listed for Sale Under Contract

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About Drysdale 3222

The size of Drysdale is approximately 40.1 square kilometres. It has 13 parks covering nearly 2% of total area. The population of Drysdale in 2011 was 4,316 people. By 2016 the population was 4,272 showing a population decline of 1.0% in the area during that time. The predominant age group in Drysdale is 60-69 years. Households in Drysdale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Drysdale work in a professional occupation. In 2011, 82.8% of the homes in Drysdale were owner-occupied compared with 81.4% in 2016.

Drysdale has 3,261 properties. Over the last 5 years, Houses in Drysdale have seen a 32.20% increase in median value, while Units have seen a 24.40% increase. As at 31 August 2024:

  • The median value for Houses in Drysdale is $746,612 while the median value for Units is $505,872.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 18 properties listed for sale, and 4 properties listed for rent in Drysdale on OnTheHouse. According to CoreLogic's data, 122 properties were sold in the past 12 months in Drysdale.

Suburb Insights for Drysdale 3222

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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.