A vacant retail investment, primely located on 79-81 Malop Street in the heart of Geelong’s CBD, just metres from Westfield Shopping, has sold under the hammer to a Melbourne-based investor for $2,525,000.Colliers’ Ben Young and Chris Nanni negotiated the sale with Fitzroy’s Chris Kombi and Lewis Waddell and received over 50 enquiries from local and Melbourne investors and owner occupiers, high-profile retailers and developers throughout the campaign.Colliers’ Senior Executive Ben Young said, “We anticipated that the asset would attract lots of interest, as it is not often a property nestled within Geelong’s Retail Core Precinct come up for sale.”With over 50 people in the crowd, the bidding started at $2,000,000 with multiple parties bidding spiritly. The property was sold under the hammer to a Melbourne-based investor for $2,525,000.“The sale reinforces great confidence in Geelong CBD and well-located properties even if they are vacant,“ Mr Young added.The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
Colliers’ Ben Young and Chris Nanni negotiated the sale with Fitzroy’s Chris Kombi and Lewis Waddell and received over 50 enquiries from local and Melbourne investors and owner occupiers, high-profile retailers and developers throughout the campaign.Colliers’ Senior Executive Ben Young said, “We anticipated that the asset would attract lots of interest, as it is not often a property nestled within Geelong’s Retail Core Precinct come up for sale.”With over 50 people in the crowd, the bidding started at $2,000,000 with multiple parties bidding spiritly. The property was sold under the hammer to a Melbourne-based investor for $2,525,000.“The sale reinforces great confidence in Geelong CBD and well-located properties even if they are vacant,“ Mr Young added.The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
Colliers’ Senior Executive Ben Young said, “We anticipated that the asset would attract lots of interest, as it is not often a property nestled within Geelong’s Retail Core Precinct come up for sale.”With over 50 people in the crowd, the bidding started at $2,000,000 with multiple parties bidding spiritly. The property was sold under the hammer to a Melbourne-based investor for $2,525,000.“The sale reinforces great confidence in Geelong CBD and well-located properties even if they are vacant,“ Mr Young added.The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
With over 50 people in the crowd, the bidding started at $2,000,000 with multiple parties bidding spiritly. The property was sold under the hammer to a Melbourne-based investor for $2,525,000.“The sale reinforces great confidence in Geelong CBD and well-located properties even if they are vacant,“ Mr Young added.The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
“The sale reinforces great confidence in Geelong CBD and well-located properties even if they are vacant,“ Mr Young added.The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
The 320sqm property was purchased with vacant possession and sits on a favourable 498sqm Activity Centre zoned land parcel, presenting a rare opportunity for future value-add and development (STCA) under the new Geelong Framework Plan.Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
Geelong’s Retail Core Precinct currently comprises many retail, service and hospitality venues in a high-quality environment that prioritises pedestrian amenities and activity.“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
“As part of the city’s transformation, Geelong CBD’s traditional, fine-grain shop fronts are expected to be complemented by shopping centres that transform into externally focused, accessible, mixeduse environments,” commented Chris Nanni, Colliers Senior Executive.“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
“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 which will further support more tourism and enhance lifestyle opportunities.”Previous ArticleNext Article
