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Sold on 20 Sep 2024 - Price Unavailable

20 Mcpherson Street
Leongatha VIC 3953

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 400m2
Land area: 867m2
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Property Details for 20 Mcpherson St, Leongatha

Building Type
Commercial
Floor Size
400m2
Land Size
867m2
Local Government
South Gippsland
Lot/Plan
3/LP140317

Last Listing description (September 2024)

Rare opportunity to purchase an established business with an excellent return and very low vacancy rate located in the strong Leongatha township. This 27 unit complex has excellent security with high fencing and two large steel sliding gates. Low maintenance gardens to look after. Prominent corner location with dual access for access. Approximately 10 years old. Currently returning 7%. Be quick opportunities like this rarely become available.

Property History for 20 Mcpherson St, Leongatha, VIC 3953

A timeline of how this property has performed in the market
Last Sold
20 Sep 2024
  • 03 Sep 2024
    Listed for Sale $850,000
  • 27 Aug 2024
    Sold for $800,000
  • 27 May 2021
    Transferred
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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 3,815 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 94 properties listed for sale, and 15 properties listed for rent in Leongatha on OnTheHouse. According to CoreLogic's data, 125 properties were sold in the past 12 months in Leongatha.

Suburb Insights for Leongatha 3953

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Contact agent
Michael Hanily
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Ray White Leongatha Sales Team
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Ray White Leongatha
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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.