38 Watsons Road, Newcomb, VIC 3219 sold on 29 January 2025 | OnTheHouse
 
SOLD
Sold on 29 Jan 2025 for $550,000

38 Watsons Road
Newcomb VIC 3219

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 113m2
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Sold By
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Jonathon Lumsden
Colliers International Ballarat, Geelong and Bendigo
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Ned Tansey
Colliers International Ballarat, Geelong and Bendigo
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Property Details for 38 Watsons Rd, Newcomb

Building Type
Commercial
Land Size
113m2
Local Government
Greater Geelong
Lot/Plan
1/PS411153

Last Listing description (March 2025)

Colliers are pleased to present For Sale 38 Watsons Road, Newcomb. Offered for the first time in 20 years, step into the property market with this exceptional commercial investment, perfectly positioned in the bustling suburb of Newcomb.

Property features;
- Building area of 210m*

- Adjacent to NQR discount supermarket
- Corner site providing immediate exposure
- Busy retail strip
- Leased to 2029 with option to 2034
- Annual rent of $34,400 per annum
- Annual CPI rent increases
- Tenant pays outgoings

Whether you're a seasoned investor or new to the market, this is an opportunity not to be missed.

For further information or to arrange an inspection, please contact Colliers agents Jonathon Lumsden on 0402 213 572, Ned Tansey on 0492 892 101 or Jackson Carrick on 0428 879 994.

*Approximately

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Property History for 38 Watsons Rd, Newcomb, VIC 3219

A timeline of how this property has performed in the market
Last Sold
$550,000
29 Jan 2025
  • 29 Jan 2025
    Sold for $550,000
  • 13 Dec 2024
    Listed for Sale Contact Agent
  • 07 Oct 2003
    Sold for $235,000
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About Newcomb 3219

The size of Newcomb is approximately 3.6 square kilometres. It has 8 parks covering nearly 2.1% of total area. The population of Newcomb in 2016 was 4500 people. By 2021 the population was 4704 showing a population growth of 4.5% in the area during that time. The predominant age group in Newcomb is 20-29 years. Households in Newcomb are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcomb work in a community and personal service occupation.In 2021, 56.30% of the homes in Newcomb were owner-occupied compared with 59.00% in 2016.

Newcomb has 2,877 properties. Over the last 5 years, Houses in Newcomb have seen a 31.61% increase in median value, while Units have seen a 30.31% increase. As at 30 November 2025:

  • The median value for Houses in Newcomb is $647,699 while the median value for Units is $471,313.
  • Houses have a median rent of $460 while Units have a median rent of $418.
There are currently 3 properties listed for sale, and 4 properties listed for rent in Newcomb on OnTheHouse. According to Cotality's data, 146 properties were sold in the past 12 months in Newcomb.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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