News

25 Jul Metricon-anchored business park delivers for local group in South Geelong

Investors creating a business park in South Geelong have more than made back their initial investment on the property after selling another five warehouses recently. The modern industrial warehouses at 15-19/158 Fyans Street sold for a combined $3.87m to complete the second of the three-stage development. 7The sales, which Darcy Jarman agent Tim Darcy said…

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25 Jul Make your move: Why industrial warehouses have replaced retail as the premier commercial asset class

Industrial warehouses, offices and showrooms have replaced retail as the premium commercial asset class as CBDs continue to grapple with working from home. Investors and occupiers have flocked to estates such as South Geelong, Breakwater, Moolap and North Geelong where tilt-slab constructions emerged on vacant or previously occupied sites. Darcy Jarman, Geelong agent Tim Darcy…

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09 Jun Retail giant eyes new Leopold site

Australian retail giant Harvey Norman has confirmed plans to build a third Geelong store after securing a strategic landholding in an $11m deal. The retailer purchased a 6722sq m farm property on Melaluka Road, Leopold. Though the property is zoned as farming land, it is Geelong council’s preferred expansion path for the neighbouring Gateway Plaza…

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16 May Prime site hit the market

Landmark properties offered in Geelong West and Ocean Grove provide opportunities to leverage their size and position for multi-storey residential developments. The commercial sites have hit the market and attracted strong interest from developers and other groups. A two-storey tenanted investment at 68 The Terrace, Ocean Grove, offers real development potential with a 13.5m height…

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12 Apr Ariston House for Lease

ONE of Geelong’s most spectacular historic homes is on the market for new tenants. Ariston House, a circa 1891 Pakington St villa, had served as the city’s early childcare service, including a neighbouring childcare centre since the mid-1990s, but the building was no longer required as an administration base, leasing agent Tim Darcy said. The…

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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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