GEELONG buyers have made strategic plays for industrial and mixed use land fronting arterial roads in the city’s southeast. Local interest placed a higher premium than Melbourne buyers on the sites fronting Portarlington Road, Moolap and Barwon Heads Road, Charlemont. Darcy Jarman, Geelong West agent Tim Darcy said a local investor secured the home of…

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A DRIVE-through COVID-19 testing centre has ended a long search for a tenant for a landmark corner in Geelong’s inner west. Australian Clinical Labs has opened the testing centre after signing a 12-month lease, with a 12-month option, on 241 Pakington Street, Newtown. Darcy Jarman, Geelong West, leasing agent Denham Humphreys said the corner location…

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FUTURE development prospects underpinned strong interest in a strategic South Geelong transport hub that’s sold for well above $5 million. The long-term home of the McColl’s transport company forms part of the 22,462sq m site that was snapped up by a local investor. Darcy Jarman, Geelong West agent Tim Darcy said the agency received up…

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Direct property investments in areas like High St, Belmont are making more sense for buyers watching interest rates and share market values wane. Five buyers contested the home to Bendigo Bank’s Belmont branch at 142-146 High St, which sold for $2.16 million at auction last week, for a 4.64 per cent yield. Darcy Jarman, Geelong…

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WITH Australia’s fifth-largest retail bank as a long-term tenant, there’s a big reason why investors will see this Belmont property has a safe bet. The 434sq m home to the Bendigo Bank’s Belmont branch at 142-146 High St is being offered for auction in March. Darcy Jarman, Geelong West agent Simon Jarman said a $2…

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A RECORD price has been set for commercial property in Newtown’s Pakington St shopping strip. A 775sq m retail property at 313 Pakington St, Newtown, sold for $2.4 million after auction on Friday. The property was passed in at auction for $2.25 million, selling immediately after to a local investor. Darcy Jarman agent Simon Jarman…

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A RARE commercial property in Newtown’s Pakington St is poised to set a new price record for the premium retail strip.

A LARGE residential block with approved plans for an eight-dwelling development has been listed for sale in Highton. The 1705sq m property at 45 South Valley Rd is sched­uled to be auctioned on November 23 with price hopes of $11 million to $1.2 million. Permits are in place for the medium-density development, which can replace…

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GEELONG workers’ craving for great coffee and good food is creating a niche for cafe operators in the city’s industrial estates.

THE biggest price ever paid for a commercial property on Newtown’s Pakington St has underlined the investment strength of the inner Geelong shopping strip. A Geelong investor paid a strip-record $2.29 million at auction for the corner property containing Newtown’s pharmacy and a fashion boutique in the river end village. The buyer was one of…

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