Warehouse chance in thriving precinct

Another property owner is hoping to cash in on a recent surge in prices for Geelong industrial property with the listing of a prime-located North Geelong warehouse.

23-25 and 27 Slevin Street is on offer as a single listing in the busy North Geelong industrial precinct, with the location offering easy access to the suburb’s rail station, Latrobe Terrace and Geelong CBD.

It has a standalone warehouse of about 1000 square metres that includes offices, a staff area, amenities and mezzanine storage.

The main building includes a high-span roof, is fitted out with three-phase power, LED lights and heating and cooling, and there is secure off-street car parking for about 14 vehicles on site.

The property includes an ongoing five-year lease with an option for five more, which returns around $91,000 a year.

Maxwell Collins Real Estate Geelong is selling this property, with price expectations of $2.25 million.