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

A LARGE residential block with approved plans for an eight-dwelling development has been listed for sale in Highton. The 1705sq m property at 45 South Valley Rd is sched­uled to be auctioned on November 23 with price hopes of $11 million to $1.2 million. Permits are in place for the medium-density development, which can replace…

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GEELONG workers’ craving for great coffee and good food is creating a niche for cafe operators in the city’s industrial estates.

THE biggest price ever paid for a commercial property on Newtown’s Pakington St has underlined the investment strength of the inner Geelong shopping strip. A Geelong investor paid a strip-record $2.29 million at auction for the corner property containing Newtown’s pharmacy and a fashion boutique in the river end village. The buyer was one of…

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LONGSTANDING lease agreements with national tenants will bankroll a buyer’s investment in a pair of prime industrial properties which go to auction in September. The pair of impressive tiltpanel warehouse showrooms are occupied by Midas and Nisbets on long, secure leases, giving buyers the security of a regular income stream. The warehouses at 9-11 Curtis St, Belmont, are about 10 years old and occupy a 1378sq m site…

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NATIONAL retailers are tipped to fight for the first chance in years to secure a large tenancy in the heart of Pakington St after a blue chip commercial property netted more than $3 million. An investor paid $3.21 million for the 382sq m freehold property at 196-198  Pakington St, Geelong West, which is home to Murphy’s Newsagency. It’s the biggest price paid for a single retail…

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A SUBSIDIARY of listed wholesale food service distributor BidFood has secured potential future premises for its Geelong operations in a deal speculated to be worth about $3 million. The company emerged as the buyer for the 7000sq m industrial warehouse facility at 111-121 Mornington St, North Geelong. Darcy Jarman selling agent Tim Darcy said the property was…

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GEELONG West’s Murphy’s Newsagency is on the move, creating a multi-million dollar opportunity in one of the best retail positions on Pakington St. The newsagent is preparing to relocate in Pakington St later this year, precipitating the most highly-anticipating commercial auctions in Geelong West in some time when 196-198 Pakington St is offered on August 23….

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GEELONG’S busiest commercial strip stands to benefit as potentially thousands of people return to work at the old Ford site over the next few years, a leading real estate agent says. Darcy Jarman agent Tim Darcy said the Ford site’s new owners Pelligra’s plans to create the Fortek Geelong precinct on the old factories would…

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Local interest has dominated at a trio of commercial property auctions around Geelong. The three properties in Geelong, South Geelong and Grovedale were auctioned last week and found buyers at or shortly after the auctions. A Geelong investor has paid $1.09 million for a warehouse and showroom at 11 Crown Street, South Geelong. Selling agent…

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