1/17 Korumburra RoadWonthaggi VIC 3995
Property Details for 1/17 Korumburra Rd, Wonthaggi
Last Listing description (January 2022)
Expressions of Interest Closing 4pm 14th January 2022
Alex Scott are proud to offer for sale this prime investment opportunity right in the heart of Wonthaggi's CBD. With 2 separate buildings on the one title, The front building comprises of approx. 205me of floor space with office space and amenities and the rear building comprising of approx. 175 m2 floor space plus office areas and amenities
With quality tenants in place, The front lease is current until September 2023 with a further 2x2 option. The rear lease is current until August 2024 with a further 3x5 year options. On a 888M2 allotment in the middle of town directly across from Bunning and Big W, this is the perfect chance to secure your nest egg. For more information regarding leases and vendor statements please call Mick Chambers 0418349783 or Phil Hanley 0417410508.
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Property History for 1/17 Korumburra Rd, Wonthaggi, VIC 3995
- 27 Jan 2022Sold for $777,000
- 25 Nov 2021Listed for Sale EXPRESSIONS OF INTEREST
- 20 May 2011Listed for Sale $449,000 + GST
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0About Wonthaggi 3995
The size of Wonthaggi is approximately 52.4 square kilometres. It has 24 parks covering nearly 4.6% of total area. The population of Wonthaggi in 2016 was 4965 people. By 2021 the population was 5215 showing a population growth of 5.0% in the area during that time. The predominant age group in Wonthaggi is 60-69 years. Households in Wonthaggi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wonthaggi work in a trades occupation.In 2021, 66.70% of the homes in Wonthaggi were owner-occupied compared with 62.90% in 2016.
Wonthaggi has 4,242 properties. Over the last 5 years, Houses in Wonthaggi have seen a 13.77% increase in median value, while Units have seen a 7.42% increase. As at 31 March 2026:
- The median value for Houses in Wonthaggi is $575,784 while the median value for Units is $418,469.
- Houses have a median rent of $490 while Units have a median rent of $410.
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