OFF MARKET

8-10 Lily Street
Hamlyn Heights VIC 3215

Bedrooms: 12
Bathrooms: 12
Car spaces: 12
Land area: 2048m2
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Property Details for 8-10 Lily St, Hamlyn Heights

8-10 Lily St, Hamlyn Heights is a 12 bedroom, 12 bathroom Unit with 12 parking spaces. The property has a land size of 2048m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Land Size
2048m2
Local Government
Greater Geelong
Lot/Plan
2/LP120313

Last Listing description (September 2022)

On the hunt for a quality addition to your investment portfolio offering solid rental returns and a tenant already in place? This is an exciting and incredibly rare
opportunity to secure the Freehold Investment to the Parkwood Motel, set on a prized 2,048 sqm corner lot just five minutes from the Geelong CBD and it could now be all yours.
Residentially Zoned land offering future development potential. In this prime location it's hard to go past this unique offering. With 16 years remaining on the lease, time is on your side for a long-term strategy redeveloping the site (stca). Or with long term tenants who have proven track record enjoy the solid rental yield, tenant pays all outgoings with built in market reviews.

A prominent location along Shannon Avenue and Lily Street along with an aspect to Ballarat Road add to the appeal of this unique offering as does the easy access to the Geelong Ring Road. Geelong Golf Club, cafes (from Pakington St and throughout the neighbourhood) and shops are within walking distance and the motel is positioned just moments from everything the thriving Geelong CBD and the spectacular waterfront.

Simply an opportunity not to be missed.

(Please note motel business not for sale)
Inspections strictly by appointment only.
Terms: 10% Deposit, 30/60/90 Day Settlement
Auction to be conducted Online & On Site (Government Regulations Permitting).

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Property History for 8-10 Lily St, Hamlyn Heights, VIC 3215

A timeline of how this property has performed in the market
Last Sold
$1,630,000
11 Nov 2021
  • 11 Nov 2021
    Sold for $1,630,000
  • 30 Sep 2021
    Listed for Sale AUCTION 11/11/21
  • 17 Oct 2014
    Sold for $600,000
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About Hamlyn Heights 3215

The size of Hamlyn Heights is approximately 4 square kilometres. It has 9 parks covering nearly 2.6% of total area. The population of Hamlyn Heights in 2011 was 6,074 people. By 2016 the population was 6,283 showing a population growth of 3.4% in the area during that time. The predominant age group in Hamlyn Heights is 20-29 years. Households in Hamlyn Heights are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Hamlyn Heights work in a professional occupation. In 2011, 73.9% of the homes in Hamlyn Heights were owner-occupied compared with 69.1% in 2016.

Hamlyn Heights has 3,389 properties. Over the last 5 years, Houses in Hamlyn Heights have seen a 41.24% increase in median value, while Units have seen a 25.41% increase. As at 31 July 2024:

  • The median value for Houses in Hamlyn Heights is $745,235 while the median value for Units is $484,183.
  • Houses have a median rent of $485 while Units have a median rent of $430.
There are currently 7 properties listed for sale, and 2 properties listed for rent in Hamlyn heights on OnTheHouse. According to CoreLogic's data, 145 properties were sold in the past 12 months in Hamlyn heights.

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