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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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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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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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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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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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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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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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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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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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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