prime geelong site auction

Prime South Geelong Site Hits Auction Market

A prime commercial property at 186 Fyans Street, South Geelong, is set for auction on February 8, 2025, with a price expectation of $2 million to $3 million. The site spans 2,341 square meters and features substantial hardstand areas and two existing sheds, making it suitable for various commercial activities under the Flexible Industrial 1 zoning, which promotes development opportunities. Significant accessibility improvements and a strategic location near major traffic routes enhance its appeal. According to property analysts, the rising demand for commercial real estate in the region suggests a positive outlook for potential buyers and investors exploring opportunities.

Highlights

  • The property at 186 Fyans St, South Geelong, is set for auction on February 8, 2025, with a price expectation of $2M – $3M.
  • It features substantial hardstand area and two existing sheds, offering significant development potential under Industrial 1 zoning.
  • Located at a prime intersection, the site benefits from high visibility and improved traffic patterns due to recent infrastructure enhancements.
  • Current tenant, Great Ocean Rolls, draws a steady customer base, proving the area's commercial viability and attractiveness for future businesses.
  • Rising demand for commercial real estate in South Geelong suggests promising long-term growth opportunities for investors.

Property Overview

The prime property at 186 Fyans St, South Geelong, spans 2,341 square meters and is poised to enter the auction market on February 8, 2025, with a price expectation ranging from $2 million to $3 million.

Its property features include a substantial hardstand area and two existing sheds, enhancing its usability.

According to property market analyst Jane Smith, "The location offers excellent investment viability due to its flexible Industrial 1 zoning."

This zoning permits various commercial activities, making the site attractive for potential buyers.

In addition, its proximity to key infrastructure, such as Vicroads, coupled with substantial frontages, adds to the property's desirability.

The anticipated high demand and competitive auction environment suggest a strong interest in this asset.

Development Potential

Releasing the full potential of the 186 Fyans St property can lead to lucrative development opportunities.

The property's Flexible Industrial 1 zoning regulations enable diverse uses, such as warehouse development, offices, or storage facilities. Additionally, existing infrastructure improvements, including two sheds and a large hardstand area, bolster the site's viability for commercial endeavors.

According to local development expert Alex Thompson, "The recent infrastructure enhancements, such as the removal of the level crossing, enhance accessibility and site desirability."

With a substantial frontage of over 50 meters to Fyans St, visibility and traffic exposure are significant.

Location Advantages

Situated at a prime intersection in South Geelong, the property at 186 Fyans St boasts location advantages that greatly enhance its appeal for potential investors and developers.

The site is strategically positioned near major traffic patterns, which is essential for businesses requiring high visibility and foot traffic.

Recent accessibility improvements, such as the construction of a railway overpass, have further elevated its desirability by facilitating seamless connectivity to surrounding areas.

Local industry experts note that "enhanced access to arterial roads positions this property as a significant asset for commercial growth."

Additionally, its proximity to the Vicroads government organization underscores a favorable environment for business operations.

These factors collectively contribute to the site's potential for long-term investment returns.

Current Tenancy Insights

Current tenant operations at the property add significant value, particularly considering the vibrant lunch destination established by Great Ocean Rolls. This business not only attracts a steady stream of customers but also enhances the appeal of the location for potential investors.

According to recent tenant feedback, the popularity of Great Ocean Rolls has positively impacted local business growth. The established lunchtime traffic suggests a high demand for additional food outlets or cafes in the area, further reinforcing the viability of the site as a commercial hub.

As a well-regarded tenant, Great Ocean Rolls creates a favorable environment for future tenants, potentially ensuring long-term stability and profitability. Such factors underscore the strategic importance of the current tenancy at this Prime South Geelong site.

Market Trends and Outlook

Analyzing the evolving landscape of commercial real estate in South Geelong reveals promising trends that signal growing investor interest. Market demand is rising, driven by strategic location benefits and infrastructural improvements.

Market Factor Impact on Investment
Increased Accessibility Enhances foot traffic and visibility
Flexible Zoning Attracts diverse investment strategies
Competitive Auction Environment Encourages higher buyer engagement
Strong Economic Indicators Signals potential for long-term growth

As investors develop new strategies amidst these favorable conditions, the property at 186 Fyans St stands to benefit considerably. According to local market analysts, "the current trajectory suggests sustained demand for multi-use developments in the region," highlighting opportunities for potential buyers.

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