SOLD
Sold on 28 May 2024 for $667,724

3/40 Essington Street
Grovedale VIC 3216

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 194m2
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Property Details for 3/40 Essington St, Grovedale

Building Type
Commercial
Land Size
194m2
Local Government
Greater Geelong
Lot/Plan
3/PS701622

Last Listing description (June 2024)

This premium warehouse is conveniently situated just off Torquay Road, Grovedale with great access to the Surf Coast and Ring Road. The accessible central location sits in a sought-after Grovedale commercial precinct and is included within “IN1Z - Industrial 1 Zone.
The property has 190m2 (approx.) (Including a mezzanine) of floor space making this an ideal Warehouse / Showroom.
- Office

- Showroom
- Kitchenette
- Shower
- Toilet
- Disabled toilet
- Split system heating & Cooling
- 2 Car Parks
- Vacant Possession
This presents a fantastic opportunity for those looking to establish, expand, relocate, or purchase an excellent investment opportunity. For further information or to arrange an inspection please call today.

Property History for 3/40 Essington St, Grovedale, VIC 3216

A timeline of how this property has performed in the market
Last Sold
$667,724
28 May 2024
Listed for Rent
$345/w
02 Dec 2014
  • 28 May 2024
    Sold for $667,724
  • 23 Feb 2024
    Listed for Sale $630,000 - $650,000 + GST
  • 30 Oct 2014
    Listed for Rent $18,000 / year
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About Grovedale 3216

The size of Grovedale is approximately 7 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2011 was 14,153 people. By 2016 the population was 14,314 showing a population growth of 1.1% in the area during that time. The predominant age group in Grovedale is 20-29 years. Households in Grovedale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation. In 2011, 74.1% of the homes in Grovedale were owner-occupied compared with 70.5% in 2016.

Grovedale has 7,499 properties. Over the last 5 years, Houses in Grovedale have seen a 32.04% increase in median value, while Units have seen a 20.98% increase. As at 30 November 2024:

  • The median value for Houses in Grovedale is $706,870 while the median value for Units is $448,653.
  • Houses have a median rent of $510 while Units have a median rent of $430.
There are currently 14 properties listed for sale, and 8 properties listed for rent in Grovedale on OnTheHouse. According to CoreLogic's data, 275 properties were sold in the past 12 months in Grovedale.

Suburb Insights for Grovedale 3216

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Disclaimer
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.