49 Ash Road, Leopold, VIC 3224 | Property Value & History | OnTheHouse
OFF MARKET

49 Ash Road
Leopold VIC 3224

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 200m2
Land area: 204m2
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Property Details for 49 Ash Rd, Leopold

Building Type
Commercial
Floor Size
200m2
Land Size
204m2
Local Government
Greater Geelong
Lot/Plan
21/LP41810

Last Listing description (April 2017)

Currently leased to the Salvation Army til 30/7/2016, Shops 1-3/49 Ash Road Leopold represent excellent buying with potential for future value adding.
All three shops are currently on one title and being used collectively as one store but can easily be returned to multiple tenancies with the possibility of creating a 4th shop and/or subdivision (STCA) with resale profits.
All services including power and water are connected or available to each retail space so no new connections are required.

Having outgrown the premises, the tenant will be vacating at or before the end of the lease making owner occupancy a real option or ongoing rental income from settlement.
Buy in your SMSF and become your own tenant. Rent as at 30/7/2015 is $31,827 Ex GST with tenant paying all outgoings.
This property has been maintained to a high standard by current owners who are reluctantly selling to undertake a new venture.
The Ash Road shopping strip is the only Commercial 1 zoned land South of the highway and outside the Gateway shopping complex making it ideal for destination small business operators, such as lawyers, accountants, town planners and the like, as well as cafes, restaurants and other food outlets.
Joined by a bakery, fine foods provedore, hair and beauty salons as well as crafts, fast foods, an independent supermarket and most recently a new Neighbourhood Community House for residents and young families, this strip is evolving into an alternative precinct for a growing number of locals.
Inspect before its gone.
- 204 square metre* land
- 3 combined shops of 200 square metres*
- Separate power and water available
- Lease to THE SALVATION ARMY Exp. 31/07/2016 + 3 year option
- Year 3 rent $31,827.00 + outgoings + GST
- Future subdivision possibilities STCA
- Owner Occupation Negotiable
*approximately
For Sale: $439,000 excluding GST

Property History for 49 Ash Rd, Leopold, VIC 3224

A timeline of how this property has performed in the market
Last Sold
$426,000
05 Aug 2015
  • 05 Aug 2015
    Sold for $426,000
  • 03 Jul 2015
    Listed for Sale Not Disclosed
  • 12 Feb 2011
    Listed for Sale 498000
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About Leopold 3224

The size of Leopold is approximately 26.9 square kilometres. It has 32 parks covering nearly 3.5% of total area. The population of Leopold in 2016 was 12814 people. By 2021 the population was 13272 showing a population growth of 3.6% in the area during that time. The predominant age group in Leopold is 30-39 years. Households in Leopold are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Leopold work in a professional occupation.In 2021, 79.00% of the homes in Leopold were owner-occupied compared with 79.00% in 2016.

Leopold has 6,936 properties. Over the last 5 years, Houses in Leopold have seen a 24.15% increase in median value, while Units have seen a 34.17% increase. As at 31 March 2026:

  • The median value for Houses in Leopold is $764,694 while the median value for Units is $550,878.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 38 properties listed for sale, and 5 properties listed for rent in Leopold on OnTheHouse. According to Cotality's data, 353 properties were sold in the past 12 months in Leopold.

Suburb Insights for Leopold 3224

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.