Presenting a rare and versatile opportunity at the crossroads of Autumn Street & Shannon Avenue. This prime location boasts a substantial 599m2 (Approx.) corner block, teeming with potential. At present, it houses a 100m2 (Approx.) shopfront and workspace, with residential zoning and a month-to-month lease in place. This property opens a multitude of doors, allowing you to retain the current lease, expand the existing structure, explore subdivision possibilities, or embark on a development project (STCA) in this highly coveted blue-chip locale.
Perfectly positioned within strolling distance of both Shannon Avenue and Pakington Street shopping precincts and right across from a McDonald's, this address immerses you in a vibrant hub of cafes, restaurants, boutique stores, supermarkets, and essential amenities. Additionally, a selection of primary and secondary schools, including Newtown's esteemed private school precinct, are within walking distance. You'll find yourself within a 10-minute radius of the CBD, Waterfront, and Ring Road, and a mere 5 minutes away from Geelong and North Geelong Stations. This location offers unparalleled accessibility and an idyllic lifestyle.
This unique property promises unlimited potential for future value enhancement, making it an exceptional real estate prospect that should not be overlooked!
The size of Manifold Heights is approximately 0.9 square kilometres. It has 5 parks covering nearly 2.8% of total area. The population of Manifold Heights in 2011 was 2,606 people. By 2016 the population was 2,647 showing a population growth of 1.6% in the area during that time. The predominant age group in Manifold Heights is 30-39 years. Households in Manifold Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Manifold Heights work in a professional occupation. In 2011, 66.3% of the homes in Manifold Heights were owner-occupied compared with 64.9% in 2016.
Manifold Heights has 1,446 properties. Over the last 5 years, Houses in Manifold Heights have seen a 39.85% increase in median value, while Units have seen a 35.45% increase. As at 31 July 2024:
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