News

THE Torquay headquarters of global surf giant Boardriders has been sold in a confidential deal struck this week. A consortium of Geelong private investors cashed out of the 1.95ha Baines Cres property after the US-owned surf giant announced plans to relocate its head office to the Gold Coast. Boardriders’ $1.6 million annual lease on the purpose-built facility runs...

BUYERS of a Torquay corporate head office complex could secure the Australian home of surf giant Boardriders for significantly less than its replacement value after it was listed for sale last week. And speculative investors would also get up to three years guaranteed income while they...

THE slow movement to develop industrial land in the growth areas south of Geelong have placed a premium on vacant properties in the city's oldest industrial estates. Leather St, Breakwater is a case in point where a 1534sq m site that was formerly used for a...

A SPECULATIVE investor has secured an Ocean Grove commercial development super site after an expressions of interest campaign drew to a close last week. The Geelong region buyer secured the parcel in a confidential sale, which comprised three properties at 85 and 87 The Terrace and...

A NEWTOWN service station will continue pumping petrol for years to come after the landmark freehold site sold after auction. The Caltex, leased through Bonney Energy, has been pumping petrol since at least the 1950s and holds the main lease on the corner 2000sq m property at...

A GEELONG investor has snapped up a high profile tenanted investment property at auction. The 145sq m Commercial 2 zoned building at 1/69 Pakington St, Geelong West, sold under the hammer for $736,000. Darcy Jarman, Geelong West, agent Simon Jarman said the auction drew a big crowd...

A NEWTOWN service station site is expected to attract interest above $1.5 million when it goes to auction this month. The 2086sq m property at 404-408 Shannon Ave, Newtown, is a prime corner site occupied by a Caltex service station (leased through Bonney Energy), a Subway...

A GEELONG developer is most likely to put aside existing plans for a 22 apartment development approved for a Highton property after it sold at auction at the weekend. The 1499sq m block at 22-24 Barrabool Rd was sold under the hammer for $1.505 million on...