A large-scale logistics facility with substantial development upside in Geelong is being taken to the market via Knight Frank and Darcy Jarman, offering buyers a rare chance to secure a major industrial landholding in one of Victoria’s fastest growing economic regions.
The property at 150 Heales Road in Lara consists of an 80,930sq m site, including 3,720sq m of high clearance warehousing and office space across two buildings, plus a 577sq m canopy. The asset includes a 3,000sq m main warehouse with office accommodation and a 720sq m secondary warehouse, supported by nine on-grade roller doors, full drive around access, significant power availability, B Double access, and ample onsite parking.
With 60,000sq m of underutilised land, the site offers significant development or expansion potential for future occupiers, investors or developers.
150 Heales Road is for sale via an Expressions of Interest campaign led by Knight Frank agents Steve Jones, Nathan Edgar and Chris Bolsin in conjunction with Andrew Prowse and Tim Darcy of Darcy Jarman.
The property is being offered with a short-term lease in place and effectively transacts as vacant possession, appealing to both owner occupiers and developers.
Strategically located just metres from the Geelong Ring Road, the property provides excellent connectivity to Melbourne CBD, Geelong CBD, Avalon Airport, and the Port of Geelong.
The location sits within the rapidly expanding northern Geelong industrial corridor, benefiting from proximity to major employment hubs, advanced manufacturing precincts, and the Greater Avalon Employment Precinct.
Mr Jones said the property offered buyers an opportunity secure a large, highly functional industrial asset with substantial future potential.
“With its large underdeveloped land component and exceptional connectivity, the site provides a rare combination of immediate functionality and long term upside,” he said.
“Opportunities of this scale, with flexible future development pathways, are increasingly scarce in Victoria’s major growth corridors.”
Mr Edgar said demand in the Geelong and Lara industrial markets continued to accelerate.
“Strong population growth, major government-backed infrastructure investment, and proximity to Avalon Airport are fuelling unprecedented demand from both national and international occupiers. A site of this scale and capability is ideally positioned to capture that growth.”
The Expressions of Interest campaign for the property will close at 4pm AEDT on Wednesday, April 22.
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