8 Koonwarra RoadLeongatha VIC 3953
Property Details for 8 Koonwarra Rd, Leongatha
Last Listing description (July 2024)
> Ten (10) year lease to September 2027 with 2 further five (5) year options
> Tenant - Gippsland Motor Group Pty Ltd, a fully owned subsidiary company of Motus Holdings Ltd
> Current net rent $231,336 p.a. + GST with annual increases
> Modern Subaru & Isuzu Ute showroom, built in 2013 and comprises of an open plan display area, office space and amenities, workshop and service area
> Total site over 2,060sqm*
> Tenant responsible for all outgoings (excluding Land Tax)
> Potential 50% stamp duty concession available as of May 2024
* (approx.)
Property History for 8 Koonwarra Rd, Leongatha, VIC 3953
- 28 May 2026Sold for $3,500,000
- 18 Jul 2024Listed for Sale Contact Agent
- 07 Jun 2022Listed for Sale Contact Selling Agent
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0About Leongatha 3953
The size of Leongatha is approximately 42.6 square kilometres. There are 23 parks, covering nearly 1.9% of the total area. The population of Leongatha in 2016 was 5654 people. By 2021 the population was 5869 showing a population growth of 3.8% in the area during that time. The predominant age group in Leongatha is 60-69 years. Households in Leongatha are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Leongatha work in a professional occupation.In 2021, 73.80% of the homes in Leongatha were owner-occupied compared with 71.30% in 2016.
Leongatha has 3,943 properties. Over the last 5 years, Houses in Leongatha have seen a 17.63% increase in median value, while Units have seen a 28.51% increase. As at 31 May 2026:
- The median value for Houses in Leongatha is $595,443 while the median value for Units is $440,793.
- Houses have a median rent of $485 while Units have a median rent of $398.
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