SOLD
Sold on 30 Jun 2024 for $2,147,743

9-11 Goodwell Drive
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5473m2
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Property Details for 9-11 Goodwell Dr, Ocean Grove

Building Type
Land
Land Size
5473m2
Local Government
Greater Geelong
Lot/Plan
18/PS824633

Last Listing description (July 2024)

This asset offers an excellent chance to grow your business, diversify your investment portfolio, or acquire a premium development site with limitless possibilities.
Situated amidst a growing retail landscape, this property enjoys proximity to existing major retailers such as Aldi, Woolworths, Dan Murphy's, and Petstock, enhancing its appeal and potential foot traffic.
Additionally, a diverse range of smaller retailers, including childcare facilities, medical clinics, fast-food outlets, and gyms, further enrich the commercial environment, ensuring a dynamic marketplace for potential investors.

Facts
Commercial 2 Zoning
Two driveway laybacks per lot
Two separate titles with further subdivision possibilities
Nearby residential developments: Kingston Ocean Grove, Kingston Coast and Oakdene Estate
Located in the Ocean Grove North-East Growth area
Servicing a growing population of 17,714+ in Ocean Grove
25 minutes to Geelong CBD and 90 minutes to Melbourne CBD

9-11 Goodwell Drive, Ocean Grove
2,740sqm lot
42.42m frontage
64.63m depth
2m easement at rear of the lot

13-15 Goodwell Drive, Ocean Grove
2,733sqm lot
39.43m frontage
64.56m depth
2m easement at rear of the lot

Sales Process
For sale by Expressions of interest
5% of the purchase price is required as a deposit
Settlement period of 60/90/120 days, or as negotiated with parties
Submit offers via the offer to purchase form located on the appendix page of the Information Memorandum

For further information and to request a copy of the Information Memorandum, please contact us today.

Property History for 9-11 Goodwell Dr, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$2,147,743
30 Jun 2024
  • 30 Jun 2024
    Sold for $2,147,743
  • 03 Jun 2024
    Listed for Sale Expressions of Interest

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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.

Ocean Grove has 11,294 properties. Over the last 5 years, Houses in Ocean Grove have seen a 36.81% increase in median value, while Units have seen a 21.01% increase. As at 31 October 2024:

  • The median value for Houses in Ocean Grove is $991,968 while the median value for Units is $770,658.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 175 properties listed for sale, and 16 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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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.