Supermarket premium
A COASTAL supermarket holding has sold big with local investors driving the price. IGA St Leonards at 1370-1372 Murradoc Rd sold for $5.625 million at a land rate of $4,374 per square metre and 5.06 per cent yield, Darcy Jarman Geelong West agent, Tim Darcy, said. The supermarket was expected …
$12m Price is right for Highton Woolies
MELBOURNE investors yesterday paid more than $12 million for one of Geelong’s biggest stand-alone supermarket buildings. The freehold for the Highton Village Woolworths at 12 Belle Vue Ave sold under the hammer for $12.43 million. Darcy Jarman agent Tim Darcy said it was a great show of faith …
A super deal at St Leonards
SUPERMARKETS are making super yields for commercial property investors as another hits the market in the Geelong region. This time the freehold for the IGA supermarket at St Leonards is being offered at auction next month. The property, which includes a cafe, separate liquor department and 42 …
Lara developers head west
PLANS are in place for a development in west Lara, designed to accommodate a greater population with residential lots and employment opportunities. The Lara West precinct structure plan indicates there is 389.4ha of land up for development within the confines of Patullos, Bacchus Marsh, Windmere …
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