Strategic industrial development opportunity brought to market in Geelong’s Belmont4 November 2023
A strategic site with substantial development potential has recently been brought to market by Colliers, located in Belmont, within proximity to Australia’s fastest- growing regional city, Geelong.
The regular-shaped allotment has a significant land holding of 4,450m2* with a generous 41 metres* frontage facing Curtis Street. The current zoning of the subject property is Industrial 1, which provides a range of development opportunities in accordance with the City of Greater Geelong Planning Scheme (STCA).
The Colliers team of Ben Young and Chris Nanni have the exclusive listing, with interest expected above $4 million.
“There are currently no vacancies within the Belmont industrial estate, with the location being highly sought after due to the proximity to Geelong CBD and access to main roads,” said Colliers’ Ben Young, noting that the potential buyer is most likely to be an industrial developer or owner occupier.
The asset is situated less than ten minutes from Geelong’s CBD whilst providing easy access to key arterials, the Princes Highway and Barwon Heads Road, offering future developers or occupiers the ultimate connectivity and convenience with exceptional transport linkages to the Geelong CBD, Surf Coast and Melbourne.
The property is surrounded by other leading businesses currently operating within the immediate vicinity, including Avis, 7-Eleven, Belmont Mitre 10, Anaconda, Spotlight, Pet Stock and Shell Express, as well as several automotive businesses.
Colliers’ Chris Nanni added, “With several options available to develop or occupy in a substantially growing pocket, 6-8 Curtis Street, Belmont, is an excellent proposition on all fronts.”
“A number of infrastructure and development projects are currently taking place in the rapidly growing Geelong region, which have boosted the demand for industrial offerings, including the Geelong Port and Spirit of Tasmania, the Geelong Ring Road and the Geelong Fast Rail,” concluded Mr Nanni.
6-8 Curtis Street is being offered for sale via an on-site auction Thursday 30th November at 12pm (AEDT).