110-112 Bailey StreetGrovedale VIC 3216
Property Details for 110-112 Bailey St, Grovedale
Last Listing description (November 2022)
Colliers are pleased to present for the first time since 1985, For Sale via Public Auction on Thursday 10 November 2022 at 12pm (AEDT), 110-112 Bailey Street, Grovedale.
110-112 Bailey Street provides multiple options for the aspiring purchasers. Whether you're looking to occupy, invest or subdivide and develop, 110-112 Bailey Street can offer it all.
Situated on 1,476 square metres* of Zoned Commercial 2 land and offering building areas of a combined 796 square metres* across two levels which provide multiple offices, break out meeting rooms and storage space.
Located in the highly sought-after Grovedale Industrial precinct, 110-112 Bailey Street is perfectly situated to service Geelong and the surrounding suburbs plus, the Bellarine and Surf Coast, along with easy access to the major arterials.
Key Features:
- Land area of 1,476 square metres*
- Build area of 796 square metres*
- Building includes ground floor and first floor office, storage, and amenities
- Onsite parking
- Two extra-large roller doors
- Short term income until May 2023 of $58,440 per annum net
- Tenant has occupied site since May 2010
- Future development site
- Occupy, invest or develop
This is the perfect opportunity to enter the ever-popular Grovedale Industrial precinct and secure a large land holding, with short term initial rental income.
For more information, contact Colliers agents Chris Nanni on 0438 306 361 or Jonathon Lumsden on 0402 213 572.
*Approx
Property History for 110-112 Bailey St, Grovedale, VIC 3216
- 10 Nov 2022Sold for $1,800,000
- 13 Oct 2022Listed for Sale Please contact agent
- 01 May 1985Sold for $13,000
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.
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