A strategic development opportunity in the Geelong region’s eastern growth corridor is set to attract interest circa $4million from an array of developers and potential occupiers.
Colliers’ Jonathon Lumsden and Ned Tansey have been appointed to sell 72 -80 Point Henry Road, Moolap by Expressions of Interest closing Thursday 2nd June 2022 at 3pm.
The 2.49ha site has 95m frontage to Point Henry Road and incorporates building areas of 2,371sqm.
“Surrounded by Moolap’s largest occupiers, the property offers future developers or occupiers the ultimate connectivity and convenience with exceptional transport linkages, strong exposure to Point Henry Road and the convenience of Geelong central business district nearby,” Mr Lumsden said.
“This is a strategic, rare development opportunity in the eastern growth corridor which continues to evolve.
“With a 95m frontage and a depth in excess of 300m, the property would make an ideal warehouse unit development (STCA) or could provide an owner occupier with ample space to develop their own warehouse facility.
“The existing buildings could also provide some short term holding income whilst a new owner sought approval for a new development.
“There is great demand for industrial assets in Geelong and the surrounding areas, with limited supply to service the demand and continued growth in the region meaning this high profile property will attract a strong contest from a variety of buyers.
“There are no significant industrial/ warehouse/ development opportunities one the market for consideration atm”
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