16/40 Prosperity Drive, Ocean Grove, VIC 3226 sold on 28 August 2025 | OnTheHouse
SOLD
Sold on 28 Aug 2025 for $610,500

16/40 Prosperity Drive
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 132m2
Sold By
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Bellarine Property
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Property Details for 16/40 Prosperity Dr, Ocean Grove

Building Type
Commercial
Land Size
132m2
Local Government
Greater Geelong
Lot/Plan
1/PS918105

Last Listing description (September 2025)

The Feel:An exclusive offering in the heart of Ocean Grove's thriving new industrial precinct, SALT Business Park presents a collection of 27 brand-new warehouse/showrooms, backed by Industrial 3 Zoning. Architecturally designed & finished to a first-class contemporary standard, these premium commercial units range in size from 105sqm342sqm, presenting suitability for a broad range of restricted retail, trade, storage, creative, & professional use. Purpose built, each space includes roller-door access, on-title parking, a sleek kitchenette, & fully tiled bathroom, while a strategic location within minutes of the Ocean Grove town centre will have your business positioned for success.The Facts:-SALT Business Park, offering a choice of 27 brand-new turnkey warehouse/showrooms-Architectural design & high-quality finishes set a high standard-Strategically situated in the booming Ocean Grove Industrial Precinct-Industrial 3 Zone supports a broad range of commercial & industrial operations-Concrete tilt panel construction, with units ranging in size from 105sqm-342sqm-Concrete floors are mechanically finished for enhanced durability-High clearance electric roller doors to accommodate trucks, boats & caravans-Industrial grade windows maximise energy efficiency & minimise noise-Standard amenity includes a kitchenette witch chic matte black cabinetry-Fully tiled bathrooms in every unit, featuring shower, wall-hung basin & WC-Option for Mezzanines Supplied & Installed to the premise-Engineered reinforced concrete carpark with on-title parking-NBN ready, high bay LED lighting, plus availability for 3-phase power-Fast-growing precinct, suitable for a range of uses including trade supplies & wholesale showrooms, professional offices, e-commerce warehousing, fitness centres & health services, automotive parts & servicing & food production-Industrial precinct benefits from proximity to Grubb Road & Bellarine Hwy*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate & current as at the date of publication & as such Bellarine Property simply pass this information. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 16/40 Prosperity Dr, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$610,500
28 Aug 2025
  • 08 Sep 2025
    Listed for Sale $555,000
  • 28 Aug 2025
    Sold for $610,500
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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the total area. The population of Ocean Grove in 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation.In 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.

Ocean Grove has 11,854 properties. Over the last 5 years, Houses in Ocean Grove have seen a 4.87% increase in median value, while Units have seen a 7.47% increase. As at 31 May 2026:

  • The median value for Houses in Ocean Grove is $1,069,181 while the median value for Units is $858,368.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 129 properties listed for sale, and 21 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 537 properties were sold in the past 12 months in Ocean grove.

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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.