26-28 Thompson Road, North Geelong, VIC 3215 | Property Value & History | OnTheHouse
OFF MARKET

26-28 Thompson Road
North Geelong VIC 3215

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1723m2
Land area: 3440m2
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Property Details for 26-28 Thompson Rd, North Geelong

Building Type
Commercial
Floor Size
1723m2
Land Size
3440m2
Local Government
Greater Geelong
Lot/Plan
2/LP208416

Last Listing description (December 2022)

+ Secure 10-year lease to EG Group to 2031 plus options to 2051
+ EG Group: Multinational fuel and convenience retailer with $32.4B annual revenue & 6,000+ locations globally**
+ Landlord friendly lease, with tenant paying all usual outgoings including building insurance and maintenance

+ Attractive annual CPI reviews - capped at 4%
+ Prominent 3,441 sqm* corner site with 116 metres* of combined frontage to Thompson Road and Victoria Street, two main arterial roads servicing over 15,000 vehicles per day***
+ Strategic convenience retail location with Geelong Golf Club, Barwon Health, Sphinx Hotel and the Geelong West Velodrome all within 1 km*
+ Surrounded by important social infrastructure, including Deakin University and 18 schools within 3km* servicing 9,508 full-time students***
+ City of Greater Geelong: booming residential location with population forecast to grow 43% to over 390,000 by 2041****
+ Geographical significance of the area evident through ongoing government funded development projects the $4 billion Geelong Fast Rail Project aims to reduce journey times between Geelong and Melbourne, thus facilitating the rapid growth of Geelong's residential population
+ Potential 50% stamp duty savings
+ Estimated net rent: $269,345 pa* (as of 1 January 2023)

To be sold by Expressions of Interest (EOI) closing 4pm Wednesday 9 November
To be sold individually or in-one-line with 13 other freehold convenience retail investments also available

Contact Burgess Rawson sales team for more details

For Asian Investment services, please contact Zomart He on 0488 220 830 or zhe@burgessrawson.com.au

**EG Group
***GapMaps
****Forecast.id
*All areas and figures approx only. All boundaries are indicative only. Rents stated are estimated net annual rentals based on commencing rentals in the lease and where relevant land tax information held at the date of preparing this document. Replacement of fuel tanks in accordance with provisions in the Lease. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property History for 26-28 Thompson Rd, North Geelong, VIC 3215

A timeline of how this property has performed in the market
Last Sold
$1,410,000
12 Mar 1998
  • 07 Oct 2022
    Listed for Sale Price on Request
  • 12 Mar 1998
    Sold for $1,410,000
  • 04 May 1988
    Sold for $1,300,000
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About North Geelong 3215

The size of North Geelong is approximately 5.0 square kilometres. There are 12 parks, covering nearly 16.5% of the total area. The population of North Geelong in 2016 was 2966 people. By 2021 the population was 3225 showing a population growth of 8.7% in the area during that time. The predominant age group in North Geelong is 30-39 years. Households in North Geelong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Geelong work in a professional occupation.In 2021, 56.70% of the homes in North Geelong were owner-occupied compared with 53.00% in 2016.

North Geelong has 2,469 properties. Over the last 5 years, Houses in North Geelong have seen a 11.02% increase in median value, while Units have seen a 7.95% increase. As at 31 August 2026:

  • The median value for Houses in North Geelong is $765,541 while the median value for Units is $522,460.
  • Houses have a median rent of $485 while Units have a median rent of $420.
There are currently 6 properties listed for sale, and 4 properties listed for rent in North geelong on OnTheHouse. According to Cotality's data, 92 properties were sold in the past 12 months in North geelong.

Suburb Insights for North Geelong 3215

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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.