News – Page 2

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.

20 Nov High life awaits in Torquay

A PRIME in-fill site with planning approval for a rare four-storey development has hit the market in central Torquay. Two shopfronts and 10 residential apartments are part of the approved permit that would reshape the streetscape at 3 Zeally Bay Rd. The 809sq m commercially zoned site is within the town centre, opposite Taylor Park and just a few doors down from the foreshore. Darcy Jarman,…

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14 Nov Prime Spot for Development

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.

09 Oct Top price for Pako property

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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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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