Lyndon Grove Receptions, a prominent and iconic land parcel located on the highway to thecoast and central to local growth areas, has been listed for sale.
The long-time function centre has played host to farewells as much as weddings, birthdays and family celebrations for decades.
Its striking appearance, warm ambience and tranquil garden courtyard have lent an air of elegance to the turning points of numerous Geelong lives.
The landmark Lyndon Grove is a substantial corner freehold comprising two allotments totaling 7,300sqm including more than 3,100sqm of vacant land with potential for further subdivision and also includes a fourbedroom residence with double garage.
The property is presently used as an office and reception centre by Kings Funerals and comprises a commercial kitchen, two large function rooms, a large undercover outdoor area, private dining/conference space, parking for 70 cars and liquor license for 550 patrons.
The prime position is central to Geelong CBD, the thriving Armstrong Creek growth area and iconic Surf Coast tourist magnet, and boasts a highlyvisible 165-metre-wide frontage along
Torquay Road and Grove Road.
Selling agent Andrew Hewett of Hewett Commercial said Lyndon Grove was a grand site offering excellent property fundamentals including a high exposure position on a major thoroughfare within a phenomenal growth market.
“The commercial property market will benefit from the impressive population and residential property boom being experienced by Greater Geelong, which will be further buoyed by political focuson reducing congestion in Melbourne,” Mr Hewett said.
“We will see increased interest in properties outside Melbourne from organisations, investors and high-networthindividuals seeking to improve affordability and avoid land taxincreases experienced in the state’scapital over recent years – in some cases increasing five-fold.
“It’s a great time to secure this highlyflexible site, which lends itself to a range of uses and development of a whole new identity into the future.”
The property is zoned residentialwith existing use rights for a function centre and presents a redevelopment opportunity for a childcare, events centre, medical centre, aged care, multiunit
residential or a range of other uses subject to council approval.
Kings Funerals managing director Michael King said that the family were exiting the Grovedale reception centre as part of a long-term strategic plan to best service the region through development of its existing Geelong, Newcomb and Torquay locations.
“We have recently refurbished our Newcomb office, chapel, reception and mortuary facilities and the sale of Lyndon Grove will enable further reinvestment, including plans for a larger presence in Torquay.
“As the largest and longest serving locally owned and operated funeral service in the region we pride ourselves in being here for local families when they need us most,” Mr King said.
Lyndon Grove at 121-125 and 127- 131 Torquay Road, Grovedale is for lease or sale by expressions of interest closing Thursday November 22 at 3pm through agent Andrew Hewett ofHewett Commercial.
For more information or to arrange an inspection, phone Andrew Hewett on 0418 439 388.