SOLD
Sold on 05 Aug 2024 for $725,000

261 Myers Street
East Geelong VIC 3219

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 208m2
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Property Details for 261 Myers St, East Geelong

Building Type
Commercial
Land Size
208m2
Local Government
Greater Geelong
Lot/Plan
1/PS324203

Last Listing description (August 2017)

Located in EAST GEELONG S ever-popular Garden Street shopping precinct this fabulous retail space represents a great opportunity to invest in a prime location with a strong tenancy history. Operating as a popular caf this shop is approx. 84m2 of retail space on just over 200m2 of land with a secure 3 year lease plus 4 further terms of 3 years each remaining. Come in for a coffee, take a good look around you ll love what you see. This is a solid investment in a thriving local shopping centre giving you peace of mind. Enquire now!
East Geelong retail investment
84m2 retail space, 209m2 of land approx.

Perfect investment in PRIME local strip
3 year lease with 4 further terms remaining
Four car parking spaces on title
Zoned Commercial 1

Property History for 261 Myers St, East Geelong, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$725,000
05 Aug 2024
  • 05 Aug 2024
    Sold for $725,000
  • 01 Jun 2017
    Sold for $507,500
  • 24 May 2017
    Listed for Sale Not Disclosed
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About East Geelong 3219

The size of East Geelong is approximately 3.4 square kilometres. It has 5 parks covering nearly 33.4% of total area. The population of East Geelong in 2011 was 3,859 people. By 2016 the population was 3,863 showing a population growth of 0.1% in the area during that time. The predominant age group in East Geelong is 50-59 years. Households in East Geelong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Geelong work in a professional occupation. In 2011, 67.7% of the homes in East Geelong were owner-occupied compared with 67.9% in 2016.

East Geelong has 2,100 properties. Over the last 5 years, Houses in East Geelong have seen a 28.36% increase in median value, while Units have seen a 9.69% increase. As at 31 October 2024:

  • The median value for Houses in East Geelong is $794,987 while the median value for Units is $478,156.
  • Houses have a median rent of $510 while Units have a median rent of $425.
There are currently 6 properties listed for sale, and 3 properties listed for rent in East geelong on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in East geelong.

Suburb Insights for East Geelong 3219

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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.