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45-47 Malop Street
Geelong, VIC 3220

$1,400,000 - $1,500,000

Search Band

$1.4M - $1.47M Transparent Listing

Commercial

Listed: 7 days ago

Updated: 5 days ago

Overview

This commercial retail property located at 45-47 Malop Street in the heart of Geelong offers a unique blend of original architectural character and modern enhancements, making it a rare find in the city's central business district.

The building comprises three separate tenancies, of which two are currently leased, providing an immediate income opportunity. This configuration offers flexibility for investors, allowing the option to occupy one of the spaces while leasing the remaining two, or alternatively leasing all three tenancies to maximize rental returns. The combined lease potential is approximately $75,000 per annum, reflecting strong commercial demand in this activity centre zone 1 precinct.

The property’s location within the activity centre zone 1 reinforces its position as a premium retail asset, benefiting from high foot traffic and proximity to surrounding retail, entertainment, and business hubs. This zoning supports a variety of commercial uses, making the space adaptable to diverse business needs.

The integration of restored features preserves the building's heritage value, while modern touches and upgrades ensure it meets contemporary commercial standards for functionality and appeal. Such characteristics appeal strongly to discerning buyers and tenants looking for flexible and high-quality retail arrangements.

Investors will appreciate the strategic positioning of the asset within CBD Geelong, a growing market with promising economic indicators and ongoing urban renewal projects. The property presents an excellent opportunity to capitalize on both capital growth and rental income in a sought-after location.

Overall, this property represents a versatile and lucrative investment or owner-occupier prospect combining character, location, and commercial potential.

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.