Superb opportunity to add to your Investment portfolio in one of Geelongs strongest and tightly held Industrial precincts. With a new three (3) Lease in place with two further options of three each and annual CPI Increases. With enormous future growth and development potential and its close proximity to Geelongs CBD and major arterials the astute investor will be rewarded with an excellent long term investment!
Property Summary:
Returning $61,500 pa + GST + Outgoings
The size of Moolap is approximately 33.1 square kilometres. It has 7 parks covering nearly 28.7% of total area. The population of Moolap in 2011 was 1,111 people. By 2016 the population was 1,385 showing a population growth of 24.7% in the area during that time. The predominant age group in Moolap is 60-69 years. Households in Moolap are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Moolap work in a trades occupation. In 2011, 85.6% of the homes in Moolap were owner-occupied compared with 81% in 2016.
Moolap has 1,476 properties. Over the last 5 years, Houses in Moolap have seen a 46.89% increase in median value, while Units have seen a 15.69% increase. As at 30 November 2024:
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