SOLD
Sold on 02 Apr 2024 for $2,850,000

12 Neilson Court
Warragul VIC 3820

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2628m2
Sold By
Wilson Property
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Property Details for 12 Neilson Ct, Warragul

Building Type
Commercial
Land Size
2628m2
Local Government
Baw Baw
Lot/Plan
1/PS612487

Last Listing description (June 2024)

Opportunities to purchase industrial property in the Baw Baw municipality are limited
> This modern industrial facility has a total floor area of 1,115m2*
> Warehouse/factory - 924m2*; office space - 191.75m2* over 2 levels

> Total site area 2,628m2*; Zoned Industrial 1 (IN1Z) - in a very tightly held precinct
> Office space, reception, board room, staff amenities, equipped kitchen, air conditioning and suspended ceiling
> The clear span factory has 2 x 6 tonne cranes, 180mm thick concrete floor, 3 phase power, 4 sliding doors (6.5m* wide)
and full length 6m* awning
> Secure rear yard, full concrete paving and double gate access
> Currently leased until June 2027 at $116,703.24 p.a ^ + GST + Outgoings, with no further options - owner occupiers take note !!
> Potential 50% stamp duty concession available ^^

For Sale via Expressions of Interest closing Friday 5th April 2024 at 3:00pm
(if not sold prior)

*(approx.)
(^ as of 1/6/2024)
(^^ as of 21/2/2024)

Property History for 12 Neilson Ct, Warragul, VIC 3820

A timeline of how this property has performed in the market
Last Sold
$2,850,000
02 Apr 2024
Listed for Rent
$2.20k/w
11 Apr 2022
  • 02 Apr 2024
    Sold for $2,850,000
  • 02 Apr 2024
    Listed for Sale via EOI closing Friday 5th April @ 3pm
  • 18 Mar 2022
    Listed for Rent - Price not available
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About Warragul 3820

The size of Warragul is approximately 55 square kilometres. It has 43 parks covering nearly 4.4% of total area. The population of Warragul in 2011 was 14,073 people. By 2016 the population was 15,764 showing a population growth of 12.0% in the area during that time. The predominant age group in Warragul is 50-59 years. Households in Warragul are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warragul work in a professional occupation. In 2011, 71.9% of the homes in Warragul were owner-occupied compared with 72.7% in 2016.

Warragul has 12,700 properties. Over the last 5 years, Houses in Warragul have seen a 41.59% increase in median value, while Units have seen a 36.35% increase. As at 31 July 2024:

  • The median value for Houses in Warragul is $675,689 while the median value for Units is $418,769.
  • Houses have a median rent of $500 while Units have a median rent of $370.
There are currently 184 properties listed for sale, and 15 properties listed for rent in Warragul on OnTheHouse. According to CoreLogic's data, 533 properties were sold in the past 12 months in Warragul.

Suburb Insights for Warragul 3820

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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.