3701 Great Ocean RoadNullawarre VIC 3268
Property Details for 3701 Great Ocean Rd, Nullawarre
Last Listing description (June 2023)
Located on the world famous Great Ocean Road, this property provides a wonderful opportunity for the savvy investor, just a short drive from Childers Cove and the wonderful coastline.
Being sold on a walk in - walk out basis.
Two shops - one leased for past 27 years to a local veterinarian group and other established cafe/restaurant with liquor licence and outdoor entertaining area which has a 5 year lease in place with an annual rental of $23,400 pa plus outgoings.
Childers Cafe/Restaurant includes 3 split systems, stainless steel bench tops, cool room, store room, large lounge separate to cafe area, water bore and fresh water tanks, two separate toilets and dual septic tanks.
Vet Clinic consists of three separate rooms and has a three year lease plus a 2 year option, currently returning $11,687 pa plus outgoings.
Purchase today and start earning a return immediately, current returns 7.2% pa.
Property History for 3701 Great Ocean Rd, Nullawarre, VIC 3268
- 03 Apr 2023Listed for Sale $480,000 to $520,000
- 28 Jun 2019Sold for $200,000
- 24 Jul 2006Sold for $230,000
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About Nullawarre 3268
The size of Nullawarre is approximately 59.2 square kilometres. It has 1 park covering nearly 1.5% of total area. The population of Nullawarre in 2011 was 298 people. By 2016 the population was 266 showing a population decline of 10.7% in the area during that time. The predominant age group in Nullawarre is 30-39 years. Households in Nullawarre are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nullawarre work in a managers occupation. In 2011, 74.5% of the homes in Nullawarre were owner-occupied compared with 65.5% in 2016..
Nullawarre has 144 properties. Over the last 5 years, Houses in Nullawarre have seen a 174.65% increase in median value, while Units have seen a -9.74% decrease. As at 31 October 2024:
- The median value for Houses in Nullawarre is $584,204 while the median value for Units is $482,347.
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