SOLD
Sold on 16 Aug 2024 for $5,360,000

8 Collopy Street
North Geelong VIC 3215

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5755m2
Sold By
Adam Farrell
Gartland
Michael De Stefano
Gartland
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Property Details for 8 Collopy St, North Geelong

Building Type
Commercial
Land Size
5755m2
Local Government
Greater Geelong
Lot/Plan
7/LP70194

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

A timeline of how this property has performed in the market
Last Sold
$5,360,000
16 Aug 2024
  • 16 Aug 2024
    Sold for $5,360,000
  • 06 May 2024
    Listed for Sale Contact Agent
  • 14 Feb 2023
    Sold 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 2,363 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 11 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.