420 Thompson RoadNorth Geelong VIC 3215
Property Details for 420 Thompson Rd, North Geelong
420 Thompson Rd, North Geelong is a bedroom, bathroom House. The property has a land size of 866m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last transferred in August 2012.
Last Listing description (May 2011)
FARMHOUSE BAKERY (Freehold & Business)
Business: refer www.realcommercial.com.au/ 3194062
Freehold: refer www.realcommercial.com.au/ 5783560
This successful bakery is situated in a main road frontage in North Geelong
The freehold includes a large shop with good-excellent equipment (in fact most of it is only around 12 months old) in place. The premises are in good condition and have good signage. The private car park is well received by customers for ease of shopping
The business? It s been here for over 25 years and is very well known and has a robust, regular, clientele
With an excellent turnover (around $10,000 per week), you will be able to walk in and be confident of a good income
The business operates for 5.5 days per week and has 3 full time and two casuals (including the owner). Whilst the business is retail only, the business is situated in a large area and there is plenty of scope for wholesale supply
Reason for sale? The owner wishes to retire
This is a genuine sale and considering the turnover, the asking price is very modest. Adding the fitout and longevity of its success - this is a great business opportunity
Property History for 420 Thompson Rd, North Geelong, VIC 3215
- 01 Aug 2012Transferred
- 23 May 2011Listed for Sale 475000
- 10 Apr 2002Sold for $125,000
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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 2,345 properties. Over the last 5 years, Houses in North Geelong have seen a 40.00% increase in median value, while Units have seen a 32.91% increase. As at 31 October 2024:
- The median value for Houses in North Geelong is $715,779 while the median value for Units is $474,338.
- Houses have a median rent of $450 while Units have a median rent of $410.
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