Expansive landholding with outstanding frontage and future value-add has been brought to market

8 February 2024

An industrial warehouse with an expansive landholding has been brought to market in the fastest-growing city in Victoria by exclusive selling agents Ned Tansey, Jonathon Lumsden and Yvonne Zhou from Colliers on behalf of Schots Emporium. Agents expect this asset to attract an excess of $15 million.

Located in North Geelong and facing Geelong Port, the industrial asset offers an ideal fit for investors, developers (STCA) and owner-occupiers thanks to its multipurpose and future value add potential. While investors can reposition the asset and capitalise on the tenant demand, owner- occupiers can utilise the added advantage of the retail/showroom frontage.

The property represents an expansive land area of 2.12 hectares and a showroom/warehouse area of 1.05 hectares. It will be sold with a short-term lease back to Schots Emporium for 12 months.

Geelong’s market has shown strong resilience supported by high levels of population growth, a
strong labour market and a rebound in tourism.

“We notice a strong buyer demand from local, national and international investors and developers, with a shortage of Industrial land to service the demand,” said Ned Tansey, Colliers’ Executive of Sales and Leasing.

“This is a unique opportunity to acquire a substantial industrial land holding with dual street frontage and within proximity to the Geelong Port. Surrounded by major businesses such as GrainCorp, Midway Limited, Viva Energy, Boral, and the Spirit of Tasmania terminal, the property is adjacent to Federal Mills which comprises approximately 37 tenancies including Bendigo Bank, Tango Energy, Body Fit, and Ports Victoria”, added Mr. Tansey.

22-36 Corio Quay Road’s strategic location and connectivity to major thoroughfares, including Melbourne Road, provides easy access to the Geelong CBD, Avalon Airport and Melbourne CBD, an appealing proposition.

22-36 Corio Quay Road, North Geelong, is being offered for sale by International Expressions of Interest closing Wednesday 6th of March, at 4 pm (AEDT).