147-149 Grigg RoadKoondrook VIC 3580
Property Details for 147-149 Grigg Rd, Koondrook
Last Listing description (December 2022)
Prime Commercial freehold properties currently been utilised as a Auto panel Repair business for 70 Years with the current owner of 40 years now retiring.
An exceptional well regarded business with little opposition is now for sale as an ongoing business with current staff.
Servicing a vast area from west of Echuca through to Swan Hill including the near by towns of Kerang & Cohuna on the Victorian side and Moulamein to Deniliquin on the NSW side of the River.
Lot 1 of approx.. 830 Sq Mtr's with 293 Sq Mtr,s of floor space including office.
Both properties have 3 phase power and both have front & rear roller doors.
With its prime position both properties would command a very healthy rental returns.
Price for the Freehold and Business including plant & equipment $748,000 Inc GST
Price for the 2 individual freehold Lots $600,000 + GST
Property History for 147-149 Grigg Rd, Koondrook, VIC 3580
- 16 Sep 2022Sold for $300,000
- 06 Sep 2022Sold for $300,000
- 29 Oct 2020Listed for Sale Expressions of Interest
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About Koondrook 3580
The size of Koondrook is approximately 59.2 square kilometres. It has 5 parks covering nearly 26.9% of total area. The population of Koondrook in 2011 was 1,094 people. By 2016 the population was 995 showing a population decline of 9.0% in the area during that time. The predominant age group in Koondrook is 60-69 years. Households in Koondrook are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Koondrook work in a labourer occupation. In 2011, 79.2% of the homes in Koondrook were owner-occupied compared with 77.3% in 2016.
Koondrook has 745 properties. Over the last 5 years, Houses in Koondrook have seen a 104.53% increase in median value. As at 31 October 2024:
- The median value for Houses in Koondrook is $401,566 while the median value for Units is $282,858.
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