News

22 Nov Butcher gets his prime site

OWNERS of a landmark Newtown butcher shop have secured the freehold to the store that has been held in one family more than 50 years. They emerged with the contract for the corner property at a robust auction that pushed the selling price above $1.5m. But they had their work cut out for them as…

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30 Aug Gateway sites whet appetites

A PLAN to have 12,000 people living within Geelong’s central business district by 2030 has turned the spotlight on potential development sites. Two near the northern gateway to the city centre have been listed with potential developers and owner-occupiers interested in the possibilities. Gartland Property director Michael De Stefano said the opportunities were clear. “They’re…

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26 Apr Good medicine with pharmacy

A LANDMARK pharmacy on a high-profile Belmont corner has sold for more than $2.8m after an auction. The strong fundamentals behind the 195sq m property at 145 High Street encouraged buyers to bid hard for tenanted investment being offered for the first time in 35 years. A Sydney investor secured the property for what the…

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22 Mar Why a two-storey office block in Geelong is better than a bank

A TWO-STOREY office building in central Geelong is better than a bank at the moment, given the current low savings interest rates. The well-presented building with 761sq m of floor space is being offered at auction as a freehold investment opportunity. Darcy Jarman, Newtown, agent Tim Darcy said the 600sq m property at 15 Little…

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02 Mar Period holdover is a historic opportunity

THE last remaining house on a Geelong CBD street has been listed for sale as a rare development opportunity. The ornately decorated weatherboard period home at 88 Brougham Street is being sold by expressions of interest, closing March 25. It is one of four properties on the block between Bellerine and Yarra streets that has…

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02 Feb Why west hits the investors’ Heights

THE growing popularity and gentrification of the western suburb of Hamlyn Heights has underlined the potential of a key commercial property on Vines Road. The commercial premises at shops 1 and 2/63 Vines Road sold recently for $1.07m. The deal realised a 4.5 per cent yield for the seller. Darcy Jarman, Geelong West agent Tim…

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01 Dec Demand increases for small warehouses

Geelong’s massive population growth has spawned a booming industrial sector amid demand for warehouse space. The changing shape of our newest suburbs means demand for warehouse and office space in the region’s industrial estates has never been higher. And property investors and developers have come to the party with a booming construction pipeline. Projects range…

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16 Sep Strategic plays near arterials

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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10 Sep Lab secures COVID-19 testing centre for up to two years

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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13 Aug Geelong industrial warehouse offers plenty of upside for investors

There is plenty of upside for investors to a Geelong warehouse leased to a national supplier of interior design products, soft furnishing textiles and window furnishing products. The 1.788ha complex at 20 Apparel Close, Breakwater, is leased to Basford Brands on a 10-year lease expiring in 2028. The property is being offered for sale via an expressions of…

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08 Jul Strategic location drives $5M-plus sale

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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18 Mar High St draws investors for better returns

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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