News – Page 2

11 Sep National tenants make a prime opportunity

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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27 Aug Primo Pako St position

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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07 Aug Wholesale food service distributor licks lips over North Geelong warehouse site

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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31 Jul Newsagency move opens the door to rare retail auction on Pakington St, Geelong West

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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11 Jun New life for old Ford site

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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05 Jun Local interest drives commercial investment at Geelong auctions

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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17 May Local buyer swoops in building underpinned by global firm

A GLOBAL technology firm’s local base was the key feature of a Geelong CBD building that’s been sold after a bold pre-auction raid by a local family. The two-storey office complex at 44-46 Lt Ryrie St, Geelong, has been home to the local branch of NCR, a US-based global leader in consumer transaction technology, since the building was erected in the early 1990s….

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04 Mar Shed to spark tradies interest

GEELONG’S rapidly growing southern suburbs have increased demand for commercial real estate as tradies seek to get close to the action.

07 Nov Eight-year lease to national brand a key to passive investment

A NEW eight-year lease to a national brand tenant is the key to this high profile North Geelong retail investment. But the wildcard for investors is how much the future direction of the Ford precinct will impact the retail strip between Separation St and The Boulevard, Darcy Jarman listing agent Tim Darcy said. The 2075sq m…

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07 Nov New lease sought for masons’ hall

IT held the secrets of local freemasons for 75 years, now see inside the incredible 21st century conversion of Geelong’s Freemason’s Hall. The heritage-protected three-storey building built in 1926 at 79 Gheringhap Street was converted for use as an office complex after Geelong Unity and Prudence Lodge sold out at the turn of the century and relocated…

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18 Oct Easy earner for buyer with vision

COULD there be a commercial investment opportunity in the Geelong region that presents an easier way to make money? The Oakley concept store at Torquay’s Surf City Plaza has been described as a bulletproof investment opportunity and it’s not hard to see why. The landmark store at Shop 7, 61 Geelong Rd, opposite Rip Curl’s Torquay retail headquarters, is subject to a secure, long-term…

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18 Oct Local investors grab rowing’s medal factory

THE Geelong home of a boat builder that’s turned out craft that have secured 75 per cent of Aussie rowing’s Olympic medals since 1992 has found new owners in a quick sale. A Geelong investment group secured the factory of boat builder Sykes for about $6 million, industry sources said. The 12,140sq m Industrial 1 zoned property at 65-67 Tucker St was snapped…

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