$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 …
Locals trumped for Highton freehold
MELBOURNE money has pushed out several Geelong buyers for a Highton commercial freehold. A capital city investor was able to fend off three Geelong-based buyers for 2 Porter Ave. The property was on the market at $640,000, but ended up selling for $737,500, according to Darcy Jarman, Geelong West, a…
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