News

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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19 Feb Belmont investors called to bank on Bendigo

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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19 Feb Leader of the Pak

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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22 Jan Big appetite for rare river end offering

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