860 Hopkins HighwayGrassmere VIC 3281
Property Details for 860 Hopkins Hwy, Grassmere
Last Listing description (April 2022)
This Freehold property is in a strategic location 10km from Warrnambool CBD
Land use: General Purpose Warehouse, Zoning: Farming Zone
3900sqm (approx.) corner site with unbeatable exposure and dual access from Hopkins Highway and Grassmere Road frontages
Leased to long term, renowned tenant George Taylor Stores
Current lease expires June 2022 with one further option of 3 years
Net income $68,000 pa plus GST
Annual CPI increases
Opportunity to invest and/or eventually develop or occupy.
Warrnambool's population is expected to grow significantly with an estimated population of approx. 46,210 by 2036 which will ensure the continued viability of this city well into the future. This is a rare chance to purchase a strong, one of a kind land holding to the north of the Warrnnambool growth corridor and also offers potential for further major re-development (STSA)
Inspection by appointment only, please contact selling agent
Christine Steere 0409906223
First National Real Estate Warrnambool
Property History for 860 Hopkins Hwy, Grassmere, VIC 3281
- 02 Dec 2021Sold for $1,000,000
- 11 Jul 2021Listed for Sale Contact Agent
- 10 Jan 2017Sold for $522,240
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About Grassmere 3281
The size of Grassmere is approximately 98.6 square kilometres. The population of Grassmere in 2011 was 447 people. By 2016 the population was 416 showing a population decline of 6.9% in the area during that time. The predominant age group in Grassmere is 10-19 years. Households in Grassmere are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Grassmere work in a managers occupation. In 2011, 77.3% of the homes in Grassmere were owner-occupied compared with 80.5% in 2016..
Grassmere has 203 properties. Over the last 5 years, Houses in Grassmere have seen a 88.52% increase in median value. As at 31 October 2024:
- The median value for Houses in Grassmere is $862,105.
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