OFF MARKET

5 Korumburra South Road
Korumburra South VIC 3950

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 20236m2
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Property Details for 5 Korumburra South Rd, Korumburra South

Building Type
Commercial
Land Size
20236m2
Local Government
South Gippsland
Lot/Plan
1F~9/PP2929

Last Listing description (May 2019)

Well established and well respected business specializing in timber treatment and timber sales. The business is ideally located in a high visability site between Korumburra and Leongatha on the South Gippsland Highway. The sale includes 5 acres of land with quality offices and showrooms,large shedding that house numerous timber machining equipment, large area of covered timber racks, timber treatment shed with 64 ft x4ftDia treatment cylinder, Volvo loader, Kamatso folk lift and much more. This business has huge potential for the right person to grow and expand this already thriving enterprise. Needs to be inspected to appreciate

Property History for 5 Korumburra South Rd, Korumburra South, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$310,000
15 Sep 2020
  • 15 Sep 2020
    Sold for $310,000
  • 30 May 2019
    Listed for Sale $450,000
  • 19 Dec 1996
    Sold for $90,000

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About Korumburra South 3950

The size of Korumburra South is approximately 17.4 square kilometres. The population of Korumburra South in 2011 was 4,374 people. By 2016 the population was 100 showing a population decline of 97.7% in the area during that time. The predominant age group in Korumburra South is 0-9 years. Households in Korumburra South are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Korumburra South work in a labourer occupation. In 2011, 74.2% of the homes in Korumburra South were owner-occupied compared with 66.6% in 2016..

Korumburra South has 59 properties. Over the last 5 years, Houses in Korumburra South have seen a 142.87% increase in median value. As at 31 October 2024:

  • The median value for Houses in Korumburra South is $1,334,110.
There are currently 3 properties listed for sale, and no properties listed for rent in Korumburra south on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Korumburra south.

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