521 Geelong Road, Brooklyn, VIC 3012 | Property Value & History | OnTheHouse
 
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521 Geelong Road
Brooklyn VIC 3012

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 12559m2
Land area: 50848m2
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Property Details for 521 Geelong Rd, Brooklyn

Building Type
Commercial
Floor Size
12559m2
Land Size
50848m2
Local Government
Hobsons Bay
Lot/Plan
1/TP80216

Last Listing description (February 2017)

- Leased to Tasman Logistics Services Pty Ltd for an initial term of 12 years, with options available thereafter
- Commencing rent of $1,550,000 per annum triple net
- Located in a tightly held infill area just 10 kilometres* from the Melbourne CBD and 7 kilometres* from the Port of Melbourne

- Excellent fixed reviews of 3.25%
- Low site coverage of 24%*
- Significant corner site of 5.2 hectares* offering future redevelopment potential (STCA)
- Dual street frontages providing future flexibility
- 28,870 sqm* of 100T container rated hardstand
- Excellent access to major surrounding arterials including the West Gate Freeway, Princes Freeway and the Western Ring Road
*approx

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Property History for 521 Geelong Rd, Brooklyn, VIC 3012

A timeline of how this property has performed in the market
Last Sold
$50,104,071
16 Oct 2021
Listed for Rent
$2.20k/w
08 Jan 2013
  • 16 Oct 2021
    Sold for $50,104,071
  • 03 Apr 2017
    Sold for $23,450,000
  • 20 Jun 2016
    Listed for Sale Not Disclosed
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About Brooklyn 3012

The size of Brooklyn is approximately 5.5 square kilometres. It has 5 parks covering nearly 2.7% of total area. The population of Brooklyn in 2016 was 1856 people. By 2021 the population was 1979 showing a population growth of 6.6% in the area during that time. The predominant age group in Brooklyn is 30-39 years. Households in Brooklyn are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brooklyn work in a professional occupation.In 2021, 57.40% of the homes in Brooklyn were owner-occupied compared with 55.90% in 2016.

Brooklyn has 2,036 properties. Over the last 5 years, Houses in Brooklyn have seen a 2.69% increase in median value, while Units have seen a 17.20% increase. As at 30 November 2025:

  • The median value for Houses in Brooklyn is $857,827 while the median value for Units is $651,660.
  • Houses have a median rent of $580 while Units have a median rent of $510.
There are currently 10 properties listed for sale, and 5 properties listed for rent in Brooklyn on OnTheHouse. According to Cotality's data, 133 properties were sold in the past 12 months in Brooklyn.

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