194 Latrobe TerraceGeelong West VIC 3218
Property Details for 194 Latrobe Tce, Geelong West
Last Listing description (April 2024)
Gartland are pleased to offer by Private Sale this versatile property located at 194 Latrobe Terrace, Geelong West.
The property is located on Geelong's busiest roads with an enormous amount of passing traffic & is centrally located with access to Pakington Street, Geelong CBD, Geelong Train Station and all major roads leading in & out of Geelong.
Commercial land has become increasingly scarce in the Geelong & surrounding areas, making this 695sqm* commercial 2 zone block, a rare opportunity and the buildings offer more than meets the eye.
For owner occupiers, the site is well set-up to continue the existing use as a workshop, yard & office
The land is regular in shape with approx dimensions of 12 x 55m* and has full perimeter fencing.
We anticipate the property will suit owner occupiers and investors with excellent leasing potential.
Property History for 194 Latrobe Tce, Geelong West, VIC 3218
- 21 Feb 2024Sold for $1,023,000
- 29 Nov 2023Listed for Sale Contact Agent
- 21 Jul 2023Listed for Rent $44,112 / year
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About Geelong West 3218
The size of Geelong West is approximately 2.3 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Geelong West in 2011 was 6,682 people. By 2016 the population was 6,976 showing a population growth of 4.4% in the area during that time. The predominant age group in Geelong West is 20-29 years. Households in Geelong West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong West work in a professional occupation. In 2011, 58.5% of the homes in Geelong West were owner-occupied compared with 57.4% in 2016.
Geelong West has 4,727 properties. Over the last 5 years, Houses in Geelong West have seen a 32.71% increase in median value, while Units have seen a 21.67% increase. As at 31 October 2024:
- The median value for Houses in Geelong West is $838,825 while the median value for Units is $481,536.
- Houses have a median rent of $520 while Units have a median rent of $460.
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