Expansive landholding with outstanding frontage at Geelong Port precinct

Colliers has brought to market another Geelong landmark holding that is perfectly situated in the Port Precinct adjacent to Federal Mills and just up the road from the Port of Geelong where the Spirit of Tasmania berths.

With agent expectations of above $15 million, the site at 22-36 Corio Quay Road North Geelong is presently the home of Schots Emporium.

This offering represents an expansive land area of 2.12 hectares with a showroom/warehouse area of 1.05 hectares and is being sold with a short-term lease back to Schots Emporium of 12 months.

This expansive industrial warehouse with landholding is being brought to market in the in Victoria’s fastest-growing city by exclusive selling agents Ned Tansey, Jonathon Lumsden and Yvonne Zhou from Colliers on behalf of Schots Emporium.

Located in North Geelong and facing the Port of Geelong, the industrial asset offers an ideal fit for investors, developers and owner-occupiers thanks to its multipurpose and future value add potential subject to council approval.

While investors can reposition the asset and capitalise on the tenant demand, owner occupiers can use the added advantage of the retail/showroom frontage.

Colliers have seen the Geelong market showing strong resilience supported by high levels of population growth, a strong labour market, and a rebound in tourism.

Colliers sales and leasing executive Ned Tansey said that they have experienced strong buyer demand from local, national and international investors and developers, with a shortage of industrial land to service the demand.

“This is a unique opportunity to acquire a substantial industrial land holding with dual street frontage and within proximity to the Geelong Port.”

Surrounded by major businesses such as GrainCorp, Midway Limited, Viva Energy, Boral, and the Spirit of Tasmania terminal, the property is adjacent to Federal Mills which comprises approximately 37 tenancies including Bendigo Bank, Tango Energy, Body Fit, and Ports Victoria.

Mr Tansey said 22-36 Corio Quay Road’s strategic location and connectivity to major thoroughfares, including Melbourne Road, easy access to the Geelong CBD, Avalon Airport and Melbourne CBD, make for a very appealing proposition for investors, developers and owner-occupiers.

22-36 Corio Quay Road, North Geelong, is being offered for sale by International Expressions of Interest closing March 6, at 4pm.

For more information, phone Ned Tansey on 0492 892 101.