SOLD
Sold on 16 May 2024 for $700,000

3 Kennedy Street
Longwarry VIC 3816

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 239m2
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Property Details for 3 Kennedy St, Longwarry

Building Type
Commercial
Land Size
239m2
Local Government
Baw Baw
Lot/Plan
9/TP193856

Last Listing description (November 2022)

This is an excellent opportunity to purchase the freehold with a great renter.
Situated in a great position with a rapidly growing township.

*Majority of the equipment is included in the sale to successfully operate.

Brayco display fridge and plant, walk in walk out Coolroom with display, counters, freezers, slicers, dicers, mincers, bandsaw just to name a few. Full list available.

*Solar has been installed to run the property. (approx $30,000)
*Office/Storage at the back

*The balance of the lease is approx 1 year with a further option of 3 years with an excellent current renter.
Great return of over $5000 per month.
Laneway access for stock to be delivered.
Opposite the Longwarry Hotel and nearby to the bakery and supermarket.

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Property History for 3 Kennedy St, Longwarry, VIC 3816

A timeline of how this property has performed in the market
Last Sold
$700,000
16 May 2024
  • 16 May 2024
    Sold for $700,000
  • 21 Nov 2022
    Listed for Sale $720,000
  • 21 Nov 2018
    Listed for Sale $4,780
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About Longwarry 3816

The size of Longwarry is approximately 49.1 square kilometres. The population of Longwarry in 2011 was 1,437 people. By 2016 the population was 1,998 showing a population growth of 39.0% in the area during that time. The predominant age group in Longwarry is 0-9 years. Households in Longwarry are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Longwarry work in a trades occupation. In 2011, 78.5% of the homes in Longwarry were owner-occupied compared with 76.5% in 2016.

Longwarry has 1,577 properties. Over the last 5 years, Houses in Longwarry have seen a 44.26% increase in median value, while Units have seen a 25.01% increase. As at 31 October 2024:

  • The median value for Houses in Longwarry is $605,274 while the median value for Units is $504,645.
  • Houses have a median rent of $480 while Units have a median rent of $433.
There are currently 22 properties listed for sale, and 1 property listed for rent in Longwarry on OnTheHouse. According to CoreLogic's data, 58 properties were sold in the past 12 months in Longwarry.

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