SOLD
Sold on 07 Mar 2024 for $3,376,750

1B The Esplanade
North Shore VIC 3214

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 4465m2
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Property Details for 1b The Esplanade, North Shore

Building Type
Commercial
Land Size
4465m2
Local Government
Greater Geelong
Lot/Plan
1/PS422711

Last Listing description (March 2019)

This high profile site is located on a busy corner close to the Port Of Geelong. Situated on 4469m2 of land and featuring two large sheds and an office area, it is a great opportunity for an investor with a long term tenant.
* Two large sheds: 480m2 & 343m2
* Office space: 172m2

* Tenanted for $70,000pa + GST + Outgoings
* 3 year lease commencing 1st May 2016 with 2 further options of 3 years
* Existing fit out includes reception area, 4 offices, 4 training rooms & amenities
* Land area: 4469m2
* Zoned: 'Industrial 2'

Property History for 1b The Esplanade, North Shore, VIC 3214

A timeline of how this property has performed in the market
Last Sold
$3,376,750
07 Mar 2024
  • 07 Mar 2024
    Sold for $3,376,750
  • 25 May 2017
    Listed for Sale $1.55m
  • 02 Dec 2011
    Sold for $1,220,000
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About North Shore 3214

The size of North Shore is approximately 2.3 square kilometres. It has 1 park covering nearly 1.8% of total area. The population of North Shore in 2011 was 355 people. By 2016 the population was 360 showing a population growth of 1.4% in the area during that time. The predominant age group in North Shore is 40-49 years. Households in North Shore are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in North Shore work in a professional occupation. In 2011, 55% of the homes in North Shore were owner-occupied compared with 55% in 2016.

North Shore has 440 properties. Over the last 5 years, Houses in North Shore have seen a 37.82% increase in median value, while Units have seen a 23.49% increase. As at 30 November 2024:

  • The median value for Houses in North Shore is $501,672 while the median value for Units is $459,593.
  • Houses have a median rent of $455 while Units have a median rent of $330.
There are currently 3 properties listed for sale, and no properties listed for rent in North shore on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in North shore.

Suburb Insights for North Shore 3214

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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.