2/53 Douro StreetNorth Geelong VIC 3215
Property Details for 2/53 Douro St, North Geelong
Last Listing description (October 2023)
This warehouse presents an ideal opportunity for an investor seeking a hassle-free commercial property option. This property conveniently situated in the bustling North Geelong commercial precinct, offers easy connectivity to key routes, including the Geelong Ring Road, Princes Highway, and Geelong CBD and is just minutes from the Geelong Port and North Geelong train station.
Features include
* Building Area: 150m2
* Roller Door: 4.5m H x 3.8m W
* Bathroom and kitchenette facilities
* 3 allocated off-street car parks
* Tenancy in place until December 2023 with a further 2 year option
* Zoned: Industrial 1
Inspections by appointment.
Property History for 2/53 Douro St, North Geelong, VIC 3215
- 07 Sep 2023Sold for $545,000
- 15 Aug 2023Listed for Sale Contact Agent
- 13 Oct 2021Listed for Rent - Price not available
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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 2,347 properties. Over the last 5 years, Houses in North Geelong have seen a 38.62% increase in median value, while Units have seen a 30.92% increase. As at 31 July 2024:
- The median value for Houses in North Geelong is $698,400 while the median value for Units is $477,657.
- Houses have a median rent of $425 while Units have a median rent of $420.
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