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…
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 sa…
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 Belle…
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.
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