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16-18 Bloomsbury Street Newtown, VIC 3220

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16-18 Bloomsbury Street,
Newtown, VIC 3220

Development Sites & Land • Warehouse, Factory & Industrial • Offices

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Map of 16-18 Bloomsbury Street

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‘Mixed Use Zone’- Corner Allotment.

This is a rare opportunity to take advantage of the changing face of the Newtown Precinct. Located on the cusp of the Barwon River, within minutes to Pakington Street and moments from the Geelong CBD, this 1190sqm allotment offers a myriad of possibilities. Set over 2 allotments the property is ripe for redevelopment. It currently boasts a 3 bedroom home and detached garaging which represents an opportunity for refurbishment. The revitalisation of this precinct opens up the opportunity for higher density housing, industrial and commercial development, showrooms, recreation facilities or any combination of these. The property sits on the corner of Rutland and Bloomsbury Streets with Polar lane at the rear giving the property exceptional accessibility. For the industrious there is income potential through leasing the property or maximising the use of the garage at the rear which features reinforced flooring and 3-phase power.

• 1190sqm
• Mixed Use Zone
• 3 Street frontages.
• 3 bedrooms existing home.
• Set over 2 allotments

Newtown, 3220 demographic data

The median household income for Newtown is $2,092, 51% higher than Regional Victoria's household income of $1,386. Newtown has a younger age profile compared to the rest of Regional Victoria (median age 40 vs 43). Property ownership data shows 45% of property owners in Newtown have a mortgage.

10,445
Population
$2,092 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
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16-18 Bloomsbury Street
Newtown, VIC 3220

Detailed listing

Gartland (Commercial) - GEELONG
71 Little Malop Street
GEELONG, VIC 3220

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