Primely located property in the heart of the Geelong CBD metres from Westfield, brought to market10 October 2023
Colliers Ben Young and Chris Nanni have, together with Fitzroy’s Chris Kombi and Lewis Waddell, brought a rare property in an unrivalled Geelong CBD location, just metres from Westfield Shopping Centre, to market.
The 320sqm building is being offered with vacant possession, sitting on a 498sqm Activity Centre zoned land parcel that presents a rare opportunity for future value-add and development (STCA). It is a versatile opportunity suited to owner-occupiers and developers.
Colliers’ Senior Executive Ben Young said, “It is not often a property nestled within Geelong’s Retail Core Precinct only metres from the entrance to Westfield Shopping Centre come up for sale.
“We are anticipating interest from a range of users, as it presents a rare opportunity for owner occupies, investors or even developers looking for a property in a high-traffic area. With 10 metres of street frontage towards the bustling Malop Street, the property is an ideal space for various future commercial ventures.”
Geelong’s Retail Core Precinct currently comprises a large variety of retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity. As part of the city’s transformation, becoming a leading Australian city, its traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixed-use environments. The emerging lane-way culture will also be embraced and expanded.
“Geelong ‘s potential as a vibrant and thriving city is undeniable, with Central Geelong at its heart providing a centralised hub for services, transportation, and commerce,” said Chris Nanni, Colliers Senior Executive.
“As a UNESCO City of Design and a gateway to southwest Victoria, Geelong’s future is bright, not only having attracted leading developers wanting to be part of Geelong’s exciting future as the country’s fastest-growing regional city but also the impact of the Spirit of Tasmania, which is expected to increase tourism by $116 million per year and the State and Federal Government’s $294 million invested in the Geelong Convention & Exhibition Centre.”
79-81 Malop Street, Geelong, is being offered for sale by on-site auction on Thursday, 19 October at 1pm (ADST).