Promising warehouse goes to auction

A prime piece of Geelong industrial real estate is set to go under the hammer today (Friday, November 11).

Colliers is selling 122 Victoria Street, North Geelong, which is at the corner of Wendell Road and Victoria Street in the suburb’s industrial precinct.

The property is currently leased to family-owned farm equipment retailer Geelong Farm Supplies.

It has about 3,759 sqm of land area with its warehouse building area at 1,639sqm, with a long-term tenant that has been in place since 1989.

The Industrial 1 Zone property is promoted as a development site at the dual street-frontage block.

“Located in one of Geelong’s largest industrial precincts, 122 Victoria Street is ideally located with excellent visibility and easy access to major arterials including Melbourne Road, Princess Highway, and the Geelong Ring Road,” agents stated.

“122 Victoria Street presents a multitude of opportunities for owner occupiers, investors, or developers alike by taking advantage of the periodic lease, corner block and large landholding.”

Colliers is selling this property by public auction today at noon on site.