Colliers is excited to present to the market 38-40 Mercer Street, Geelong For Sale via an Expression of Interest campaign closing Thursday 1 August 2024 at 2pm.
This is a rare development opportunity with holding income, whilst you plan the development future for the property. The lease is for 5 years from 1st October 2023 with no options.
The property consists, a building of 1,100m²* on 1,616m²* of activity centre zoned land. In this location the height limit is 60^ metres which provides unbelievable views across Corio Bay and Geelong region.
38-40 Mercer Street presents as an opportunity to create a development in the Geelong CBD.
The key features of 38-40 Mercer St are:
- Land of 1,616m²*
- 5 years from 1st October 2023 with no options
- Preferred building height of 60 metres^
- Multiple Development Outcomes
- Spectacular views across Corio Bay and Geelong
- Proximity to the Geelong Train Station, CBD major shopping, cultural and office precincts.
- Major Developments in the area including Geelong Exhibition and Convention Centre, Upgrade to the Geelong Port, many Commercial and Residential Development sites that are in planning or about to commence.
- Geelong is the second fastest growing city in the Country, and by 2050 will exceed half a million in population (currently 280,000)
- Activity Centre Zone
For further information or to arrange an inspection, please contact your exclusive Colliers' agents Ben Young on 0407 296 679 or Chris Nanni on 0438 306 361.
*Approximately.
^Subject to planning approval (STPA)
