8 Collopy StreetNorth Geelong VIC 3215
Property Details for 8 Collopy St, North Geelong
Last Listing description (October 2024)
Introducing 8 Collopy Street, North Geelong - Now Available for Sale!
This prime property offers easy accessibility to all areas via Princes Hwy and is conveniently located just minutes away from Corio Quay and the Victorian port, providing efficient freight and passenger services. Enjoy the added benefit of being a mere 10-minute drive to Geelong CBD. With two secure tenancies already in place, this is an exceptional investment opportunity not to be missed.
Two high quality tenants with a combined rental return of $325,380.00 per annum + GST + Outgoings.
Property Features:
Tenancy 1 - 5 years from April 2021 with 1 further term of 5 years and a return of $145,380.00 p/a ++ ( April 2025 rent $149,107.92 p/a + +)
Tenancy 2 - 3 years from March 2023 with further term of 3 years and a return of $180,000.00 p/a ++ (March 2025 rent $190,000 p/a + +)
Building Area 3,482sqm approx.
Land Area 5,755sqm approx.
Industrial 1 Zone
Contact us today to arrange an inspection of the property.
Property History for 8 Collopy St, North Geelong, VIC 3215
- 16 Aug 2024Sold for $5,360,000
- 06 May 2024Listed for Sale Contact Agent
- 14 Feb 2023Sold for $1,200,000
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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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