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Colliers - Geelong

38 Essington Street Grovedale, VIC 3216

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38 Essington Street,
Grovedale, VIC 3216

Warehouse, Factory & Industrial

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Map of 38 Essington Street

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Versatile Industrial Warehouse with Dual Income Potential in Grovedale

  • Land area of 1,564 square metres*
  • 22.9m* frontage to Essington Street
  • Industrial 1 Zone
Introducing 38 Essington Street, a prime industrial property that presents an exceptional investment opportunity in the sought-after precinct of Grovedale. This versatile warehouse boasts two separate warehouses, one of which is currently leased out to Belmont Service Centre, providing a steady income stream, while the other unit offers immense potential for an owner occupier or additional rental income.
Situated in Grovedale's prominent industrial precinct, this property benefits from excellent accessibility to major transport routes, including nearby highways and arterial roads. This strategic location ensures seamless connectivity to Geelong, Melbourne, and beyond, enhancing the property's desirability for both tenants and investors.

Key Features
• Land area of 1,564sqm*
• Building area of 596sqm*
• Warehouse 1 323 Square metres
• Warehouse 2 273 square metres
• 22.9m* frontage to Essington Street
• Warehouse 1 Lease expires 1st October 2024 with four (4) further three (3) year options returning $39,891 net p.a + GST + Outgoings.
• Warehouse 2 For lease at $43,500p.a + GST + Outgoings
• Highly sought-after Grovedale Industrial Precinct
• Industrial 1 Zone


Grovedale is home to some major retail and industrial users including:
- Total Tools
- Middays
- National Tiles
- Carpet Court
- Barbeques Galore
- Aldi
- Slumber World
- Storage World
- IGA

Don't miss this opportunity to secure a versatile industrial warehouse with dual income potential in Grovedale. Enquire now to arrange a private inspection and explore the endless possibilities this property offers for your business or investment portfolio.

For Sale $2,100,000
For Lease: Warehouse 2 $43,500 per annum net

For more information please contact Colliers agents Ben Young 0407 296 6... or Chris Nanni 0438 306 3....

*Approx

Grovedale, 3216 demographic data

The median household income for Grovedale is $1,477, 7% higher than Regional Victoria's household income of $1,386. Grovedale has a younger age profile compared to the rest of Regional Victoria (median age 41 vs 43). Property ownership data shows 47% of property owners in Grovedale have a mortgage.

14,869
Population
$1,477 per week
Median household income
41 years
Median age
Owners
Most residents
Families
Most households

Colliers - Geelong

Level 5/100 Brougham Street
GEELONG, VIC 3220
Colliers - Geelong
38 Essington Street
Grovedale, VIC 3216
Colliers - Geelong
Level 5/100 Brougham Street
GEELONG, VIC 3220

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