OFF MARKET

195 South Gippsland Highway
Leongatha VIC 3953

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Land area: 3996m2
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Property Details for 195 South Gippsland Hwy, Leongatha

195 South Gippsland Hwy, Leongatha is a 1 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 3996m2. While the property is not currently for sale or for rent, it was last sold in April 2011.

Building Type
House
Land Size
3996m2
Local Government
South Gippsland
Lot/Plan
1/LP214531

Last Listing description (June 2011)

QUALITY FREEHOLD, WITH BUSINESS OPTIONS ??? ONE ACRE HIGHWAY LOCATION ON TOWN EDGE
The unique positioning of this quality Freehold with Caretaker???s residence will encourage interest from a variety of sources. The bricks and mortar presently on site will no doubt excite the imagination, and will entice investors and business owners from outside the obvious ???nursery takeover??? that the present business use would suggest. The Freehold and residence is being offered first, with the additional potential to purchase one, or both, of the business components on offer.
Presently operating as Terra Flora Nursery and Landscaping Centre, the property comprises a highly attractive retail showroom, along with an adjoining ???care takers??? residence complete with bathroom facilities, bedroom and a kitchenette and living area (or alternatively, additional showrooms, or office and staff facility). This unique mud brick building is stunning visually and would work for a variety of businesses with live-in potential, or even provide ???professional rooms??? space. The acre itself is well set up for nursery or similar operations, with a large ???potting??? shed, several large corrals for landscaping items, and a double colour bond shed. There is a full gravel driveway circuit around the property, secure cyclone fencing, and town water,

The property is mooted in the Leongatha Structure Plan for future Business zoning, opposite a proposed ???bulky goods??? commercial zone, so the medium to long term investment potential is promising. Council has advised that variations or changes to existing usage permits could also be treated favourably.
Whoever buys, the new owner will enjoy prominent highway exposure, a well maintained and presented property, and sound investment potential. Interested parties are invited to contact the agents for a detailed discussion and personal tour, outside of the business??? operating hours.
The price range is $395,000 - $430,000, excluding GST, for the Freehold and Caretaker???s residence. Business purchase is subject to negotiation and discussion, and will depend on nature of purchase: ie nursery only, optional landscaping component, stock, and/or plant.

Property History for 195 South Gippsland Hwy, Leongatha, VIC 3953

A timeline of how this property has performed in the market
Last Sold
$462,005
13 Apr 2011
  • 13 Apr 2011
    Sold for $462,005
  • 25 Mar 2011
    Listed for Sale $395,000 - $430,000 (EXCL. GST)
  • 22 Jul 2006
    Sold for $268,000
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About Leongatha 3953

The size of Leongatha is approximately 42.6 square kilometres. It has 23 parks covering nearly 1.9% of total area. The population of Leongatha in 2011 was 5,332 people. By 2016 the population was 5,640 showing a population growth of 5.8% in the area during that time. The predominant age group in Leongatha is 0-9 years. Households in Leongatha are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Leongatha work in a trades occupation. In 2011, 71.1% of the homes in Leongatha were owner-occupied compared with 71.3% in 2016.

Leongatha has 3,816 properties. Over the last 5 years, Houses in Leongatha have seen a 58.68% increase in median value, while Units have seen a 67.96% increase. As at 31 October 2024:

  • The median value for Houses in Leongatha is $580,746 while the median value for Units is $435,284.
  • Houses have a median rent of $435 while Units have a median rent of $330.
There are currently 96 properties listed for sale, and 14 properties listed for rent in Leongatha on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Leongatha.

Suburb Insights for Leongatha 3953

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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.