SOLD
Sold on 17 May 2024 for $2,075,000

142 Victoria Street
North Geelong VIC 3215

Bedrooms: 5
Bathrooms: -
Car spaces: -
Land area: 2396m2
Sold By
Barry Plant Real Estate Geelong
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Property Details for 142 Victoria St, North Geelong

Building Type
Commercial
Land Size
2396m2
Local Government
Greater Geelong
Lot/Plan
4/LP210200

Last Listing description (July 2024)

Offering a brilliant Freehold opportunity with a great tenant situated in arguably one of Geelong best commercial precincts that is close to Melbourne Road and only minutes to Geelong CBD.

This sought after location comes with:

- Land area: 2396m2 (approx.)

- Building area: 1080m2 (approx.)
- Approx. 200m2 of lean-to area for additional coverage
- Massive open reception area
- 5 x offices plus a large store room
- Large roller doors for easy clearance access
- Lunchroom and toilet amenities
- Currently leased to April 2025
- Zoned - Industrial 1

Take advantage of the Victorian Stamp Duty savings for commercial properties in regional Victoria while it lasts.

Expressions Of Interest by Thursday 28th March 2024 @ 5pm.

Property History for 142 Victoria St, North Geelong, VIC 3215

A timeline of how this property has performed in the market
Last Sold
$2,075,000
17 May 2024
Listed for Rent
$1.61k/w
16 Apr 2019
  • 17 May 2024
    Sold for $2,075,000
  • 28 Feb 2024
    Listed for Sale $2,075,000
  • 14 Apr 2020
    Listed for Rent $84,000 / year
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About North Geelong 3215

The size of North Geelong is approximately 5 square kilometres. It has 12 parks covering nearly 16.5% of total area. The population of North Geelong in 2011 was 2,395 people. By 2016 the population was 2,983 showing a population growth of 24.6% in the area during that time. The predominant age group in North Geelong is 30-39 years. Households in North Geelong are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in North Geelong work in a professional occupation. In 2011, 63.5% of the homes in North Geelong were owner-occupied compared with 53% in 2016.

North Geelong has 2,362 properties. Over the last 5 years, Houses in North Geelong have seen a 39.08% increase in median value, while Units have seen a 29.66% increase. As at 30 November 2024:

  • The median value for Houses in North Geelong is $720,020 while the median value for Units is $480,005.
  • Houses have a median rent of $455 while Units have a median rent of $410.
There are currently 10 properties listed for sale, and 1 property listed for rent in North geelong on OnTheHouse. According to CoreLogic's data, 79 properties were sold in the past 12 months in North geelong.

Suburb Insights for North Geelong 3215

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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.