11 May 2023
In the heart of Geelong’s largest dedicated industrial precinct, a new project has just hit the market, being offered for sale by Knight Frank and Darcy Jarman Real Estate. The offering – the only brand new 1000m2 + warehouses currently for sale in the Greater Geelong market.
Located at 128-146 Obriens Road, Corio, the project is the latest undertaking by the team at Wilmac Properties. This will be the Melbourne based developer’s second foray in the Geelong industrial market, off the back of their successful 70-lot industrial development in Breakwater completed in 2021.
Planning approval for 12 new warehouses over two stages at the four-hectare, IN1 zoned site was secured in January 2023. A successful off-market campaign by Knight Frank and Darcy Jarman Real Estate yielded stand out results, with Stage 1 now 50 per cent sold.
Businesses and investors can select from various warehouse size and loading configurations. All the properties feature a generous private hardstand area and secure gated access off a central estate road. The warehouses are all complemented by flexible 195m2 first floor offices and large 5 x 5m RSDs, protected by cantilevered awnings.
Designed as standalone facilities, the warehouses range in size from 1,200 to 2,500m2 and feature 8m + springing heights, prominent signage zones, 3 phase power and 6kw solar systems. Floorplans and pricing are now available, with pricing from $2,300/m2.
Industrial vacancy rates are at historic lows, which is continuing to drive rental growth and cement the investment picture for both owner-occupier and investor buyers.
Knight Frank agent Steve Jones said WILMAC Corio is strategically positioned for businesses to take their operations to the next level, with modern, flexible warehouse space and fast access to the Geelong Ring Road and beyond.
“WILMAC Corio offers modern industrial facilities designed to suit a variety of business needs and ready to customise for specific operations,” he said.
Off the back of the early demand and sales success, WILMAC Corio is now being offered for public sale and is set to be under construction in Q3 this year.
To request a copy of the Information Memorandum please contact one of the marketing agents Knight Frank’s Steve Jones and Nathan Edgar in conjunction with Darcy Jarman’s Tim Darcy and Andrew Prowse.