OFF MARKET

860 Hopkins Highway
Grassmere VIC 3281

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2410m2
Land area: 3929m2
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Property Details for 860 Hopkins Hwy, Grassmere

Building Type
Commercial
Floor Size
2410m2
Land Size
3929m2
Local Government
Moyne
Lot/Plan
1/PS334199

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

Substantial 2410sqm building including retail floor, 444sqm mezzanine level offices & storage, staff amenities, display yard
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

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Property History for 860 Hopkins Hwy, Grassmere, VIC 3281

A timeline of how this property has performed in the market
Last Sold
$1,000,000
02 Dec 2021
  • 02 Dec 2021
    Sold for $1,000,000
  • 11 Jul 2021
    Listed for Sale Contact Agent
  • 10 Jan 2017
    Sold 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 76.14% increase in median value. As at 30 September 2024:

  • The median value for Houses in Grassmere is $840,743.
There are currently no properties listed for sale, and no properties listed for rent in Grassmere on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Grassmere.

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