104A Bailey StreetGrovedale VIC 3216
Property Details for 104a Bailey St, Grovedale
Last Listing description (November 2022)
104a Bailey Street is strategically located in Grovedale with access from Marshalltown Road & Grove Road and presents an outstanding opportunity to acquire a secure industrial investment positioned in one Geelong's strongest Industrial precinct where vacancy rates remain at an all time low and now is the time to invest before you are locked out of the market. Secure now and reap the long term benefits not to mention that you are surrounded by an array of outstanding businesses.
This property is excellent holding with amazing future potential and its a rarity to find a premise in Grovedale which not only gives you an excellent income stream but the potential development opportunity is enormous.
Tenancy Details:
Renewed lease for two (2) years from June 6 2022
One further term of two (2) years
Currently returning $33,000.00 per annum + GST + Outgoings
Annual CPI increments & Market Review at Option
Key Features Include:
Warehouse of 300m2 approx
Land area of 803m2 approx
Building measurements of 12.1 x 24.3
Front and rear roller doors
3 phase power
Car Parking
Large rear & side yard
Office space
Excellent internal height
Kitchenette & toilet facilities
Zoning: Commercial 2 Zone
Property History for 104a Bailey St, Grovedale, VIC 3216
- 12 Oct 2022Sold for $925,000
- 13 Jul 2022Listed for Sale Contact Agent
- 04 Apr 2012Listed for Rent - Price not available
Recent sales nearby
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0About Grovedale 3216
The size of Grovedale is approximately 7.0 square kilometres. It has 21 parks covering nearly 14.3% of total area. The population of Grovedale in 2016 was 14308 people. By 2021 the population was 14869 showing a population growth of 3.9% in the area during that time. The predominant age group in Grovedale is 20-29 years. Households in Grovedale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Grovedale work in a professional occupation.In 2021, 68.90% of the homes in Grovedale were owner-occupied compared with 70.50% in 2016.
Grovedale has 7,553 properties. Over the last 5 years, Houses in Grovedale have seen a 32.05% increase in median value, while Units have seen a 24.83% increase. As at 31 December 2025:
- The median value for Houses in Grovedale is $764,114 while the median value for Units is $527,955.
- Houses have a median rent of $520 while Units have a median rent of $440.
Suburb Insights for Grovedale 3216
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