SOLD
Sold on 01 Jul 2024 for $950,000

42 Barry Road
New Gisborne VIC 3438

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1514m2
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Property Details for 42 Barry Rd, New Gisborne

Building Type
Commercial
Land Size
1514m2
Local Government
Macedon Ranges
Lot/Plan
2/LP137105

Last Listing description (January 2020)

Build your business or invest, and make the most of demand in the burgeoning Macedon Ranges. This 1500m2 block with factory workshop and retail space boasts prime position in Gisborne's thriving industrial zone.
The showroom premises come with a counter, office and a mezzanine storage section adjacent to the staff room. The rear workshop is equipped for machinery with three phase power, concrete surfacing and a separate wash area.
These premises are currently utilised for retail services and equipment repair but the options are plentiful - particularly if you are in the trades, manufacturing or engineering sector and need a retail interface. The current lease runs month-to-month, which provides options to hatch your own plans for future use of the shell.

With car parks and a loading area on site, you are well set-up to welcome suppliers and local customers. The visible location on the edge of a residential area and close to the freeway makes it easy for people to find and access the operation based here.
The industrial area is home to a diverse range of active businesses that operate in this thriving regional setting. From this gateway to the Macedon Ranges and central Victoria you will benefit from close proximity to the airport and CBD to facilitate efficient freight logistics. This commercial property is a great chance to grow your business or investment portfolio. Make your mark.

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Property History for 42 Barry Rd, New Gisborne, VIC 3438

A timeline of how this property has performed in the market
Last Sold
$950,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $950,000
  • 01 Jul 2019
    Listed for Sale ESR $725,000 - $775,000
  • 08 Sep 2006
    Sold for $410,000
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About New Gisborne 3438

The size of New Gisborne is approximately 26.2 square kilometres. It has 8 parks covering nearly 3.2% of total area. The population of New Gisborne in 2011 was 2,380 people. By 2016 the population was 2,373 showing a population decline of 0.3% in the area during that time. The predominant age group in New Gisborne is 40-49 years. Households in New Gisborne are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Gisborne work in a professional occupation. In 2011, 87% of the homes in New Gisborne were owner-occupied compared with 85.9% in 2016.

New Gisborne has 1,563 properties. Over the last 5 years, Houses in New Gisborne have seen a 25.09% increase in median value, while Units have seen a 27.50% increase. As at 31 October 2024:

  • The median value for Houses in New Gisborne is $881,733 while the median value for Units is $571,992.
  • Houses have a median rent of $610.
There are currently 23 properties listed for sale, and 5 properties listed for rent in New gisborne on OnTheHouse. According to CoreLogic's data, 39 properties were sold in the past 12 months in New gisborne.

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