103/6-8 Bellerine St, Geelong is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2012. The property has a floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in December 2010.
This first floor dual keyed apartment offers the versatility of renting it as a two-bedroom apartment or as two one-bedroom apartments. Clever design and luxury finishes assist in making this one of the highest yielding apartments in this select building.
In its third year of trade, this unit returned $40,465 net of all costs. Yes, that's what you, the owner, receives after paying rates, Owner's Corporation fees etc. Better than money in the bank in terms of return. A net return to you of between 5% and 5.5% - a commercial return on residential freehold real estate.
The fittings and finishes are superior as is the design and outlook over Austin Park.
A gem in the Geelong CBD.
Please call for more information.
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The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2011 was 4,700 people. By 2016 the population was 5,220 showing a population growth of 11.1% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation. In 2011, 55.3% of the homes in Geelong were owner-occupied compared with 54% in 2016.
Geelong has 6,153 properties. Over the last 5 years, Houses in Geelong have seen a 24.56% increase in median value, while Units have seen a 10.33% increase. As at 31 August 2024:
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