Rare Pako Street listing offered for the first time in 44 years

Pakington Street in Geelong West has a popular history as a place to do business in Geelong, with many retail and hospitality businesses calling this vibrant precinct home.

A unique opportunity has presented itself in this hotspot through Colliers recent listing of a prime commercial property at 149b-151 Pakington Street in Geelong West, which has come to market for the first time in 44 years.

 

The sale is being managed by Colliers Jonathon Lumsden, Ned Tansey, and Jackson Carrick on behalf of genU, presenting a great opportunity for those looking to create a unique retail space or hospitality venue.

The opportunity comprises two separate buildings totalling 150 sqm with the front building offering approximately 60 sqm of open-plan space, ideal for retail or hospitality, while the rear building includes a mix of open-plan and private commercial space, kitchen, and bathroom amenities.

Colliers Ned Tansey said this was a rare opportunity to secure a prime commercial property in one of Geelong’s most sought-after locations.

 

“The flexibility and potential of this site make it an attractive proposition for a wide range of buyers.”

“The asset sits on 327sqm of Commercial 1 zone land, with the two presently vacant buildings connected by a central courtyard, this allows for flexibility for various uses, including full or partial occupation, investment, or redevelopment (STCA).”

With parking always a concern in busy precincts, an important feature of this listing is that it also benefits from on-site rear parking and proximity to a public carpark.

 

Located in the premier position of Pakington Street, known for its vibrant strip of boutique shops and cafes, this property offers every lifestyle amenity within walking distance.

Mr Tansey said the location ensured exceptional branding and exposure with high continuous foot traffic adjacent to major retail and hospitality brands such as Dan Murphy’s, Westpac, Commonwealth Bank, Grill’d, and Bakers Delight.

 

“Pakington Street continues to be the premier commercial location in the Geelong region, and demand remains extremely strong from both occupiers and investors.”

The property will be sold at a public on-site auction on March 6 at 12 noon.