27 Commercial StreetKorumburra VIC 3950
Property Details for 27 Commercial St, Korumburra
Last Listing description (December 2023)
A unique blank canvas opportunity exists to purchase a commercial site, in the heart of Korumburra's commercial centre (main street). Location is key and this well positioned property offers a wide variety of possibilities for entrepreneurs and businesses seeking to invest in this thriving township, this site presents a compelling investment opportunity.
Features of this commercial property include:
• Zoned Commercial 1
• Dual street frontage
• Existing structure includes upstairs office (framed) and modern shop front
• Structural engineering report available
• Ideal position in Korumburra's main street
If you would like to inspect this property or have any questions, please contact Katrina Griggs on 0428 571 083 or Don Olden on 0417 805 312. Property for sale by Expressions of Interest closing Monday 11th December at 4pm.
For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist
Property History for 27 Commercial St, Korumburra, VIC 3950
- 14 Dec 2023Sold for $231,000
- 30 Oct 2023Listed for Sale Expressions of Interest
- 04 Sep 2014Sold for $430,000
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0About Korumburra 3950
The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.
Korumburra has 3,105 properties. Over the last 5 years, Houses in Korumburra have seen a 65.12% increase in median value, while Units have seen a 66.00% increase. As at 31 October 2024:
- The median value for Houses in Korumburra is $559,633 while the median value for Units is $443,273.
- Houses have a median rent of $440 while Units have a median rent of $375.
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