Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Positioned within Geelong's vibrant central business district, this property offers an exceptional development opportunity to astute purchasers. The location is conveniently close to key community and health landmarks including St John of God Hospital and the Ryrie Health Hub, along with nearby cafes, coffee shops, fitness studios, retail options, and ample public parking facilities, ensuring excellent accessibility and foot traffic potential.
Featuring a flexible Activity Centre zoning, this site benefits from approved planning permits for a thoughtfully designed residence comprising four bedrooms and two bathrooms, complete with a garage and a rooftop deck to maximize living and leisure space. The architectural plans offer a balanced lifestyle for potential residents while retaining commercial functionality.
Beyond the residential permits, the property presents versatile commercial possibilities. Potential buyers may consider maintaining ground-floor commercial, retail, or consulting usages while utilizing the upper floors for residential purposes, or alternatively, converting the entire building into a two-storey commercial establishment to suit various business needs. This adaptability underscores the property's significant potential across multiple sectors.
Whether you're seeking an investment with diverse income streams or a development project to capitalize on the dynamic Geelong market, this offering presents extensive options. The strategic location combined with planning flexibility creates a unique proposition rarely available in the area.
For further details, prospective purchasers are encouraged to seek additional information to explore all facets of this opportunity and to arrange viewings through the agency's professional team.
Local Market Insights
In Geelong, Quiet Listings observed 6 new commercial properties entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $1,215,833. The property type mix of listed properties is predominantly Houses at 44%, followed by apartments (28%), and commercial properties (16%). Buxton Real Estate Group was the most active agency monitored, representing 20.5% of all new listings monitored during the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Geelong VIC 3220
Market Insights for Geelong VIC 3220
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
