Prime Commercial Property Hits the Market in Geelong West

Offered for the first time in 44 years, a rare opportunity on Geelong’s vibrant Pakington Street.

A prime commercial property located at 149b-151 Pakington Street in Geelong West has been brought to the market for the first time in 44 years. The sale is managed by Colliers Jonathon Lumsden, Ned Tansey, and Jackson Carrick on behalf of genU.

The opportunity comprises two separate buildings totalling 150 sqm. The front building offers approximately 60 sqm of open-plan space, ideal for retail or hospitality, while the rear building includes a mix of open-plan and private commercial space, kitchen, and bathroom amenities.

Jonathon Lumsden, Colliers Senior Executive, said, “This is a rare opportunity to secure a prime commercial property in one of Geelong’s most sought-after locations. The flexibility and potential of this site make it an attractive proposition for a wide range of buyers.”

The asset sits on 327 sqm of Commercial 1 zone land, with the two currently vacant buildings connected by a central courtyard. This allows for flexibility for various uses, including full or partial occupation, investment, or redevelopment (STCA). The property also benefits from on-site rear parking and proximity to a public carpark.

Located in the premier position of Pakington Street, known for its vibrant strip of boutique shops and cafes, this property offers every lifestyle amenity within walking distance. The location ensures exceptional branding and exposure with high continuous foot traffic adjacent to major retail and hospitality brands such as Dan Murphy’s, Westpac, Commonwealth Bank, Grill’d, and Bakers Delight.

Ned Tansey added, “Pakington Street continues to be the premier commercial location in the Geelong region, and demand remains extremely strong from both occupiers and investors.”

The property will be sold at a public on-site auction on Thursday, 6th March 2025, at 12 noon (AEDT).