Stand Out Development Site on Prime Intersection

Highlights

• Income; Time; Value Add
• Central Geelong Activity Centre
• Boutique Opportunity in Prime Location

Description

MP Burke Commercial is delighted to offer for sale 155 Mercer Street, Geelong, a rare opportunity to secure one of Geelong’s best gateway development sites with passing income.

Leased until 30 September 2027, this property is perfectly located on the prized northwestern corner of Mercer & Gheringhap Street, opposite Johnstone Park and adjacent to the new Geelong Civic Precinct. This central location offers direct pedestrian access to the Geelong Railway Station, the famous waterfront precinct and cosmopolitan Little Malop Street.

Zoned Activity Centre Zone (ACZ) under the Greater Geelong Planning Scheme, 155 Mercer Street sits within the new commercial hub featuring the new City of Greater Geelong Civic Precinct, WorkSafe Victoria, TAC & NDIS. The nearby Geelong Waterfront Convention Centre and the Cunningham Place Development are under construction. This prominent site features a triple street frontage on the major intersection of Mercer, Malop & Gheringhap Streets.

Geelong continues to be one of Australia’s most dynamic regional cities with strong population growth and capital investment in commerce, infrastructure, health, education, retail, hospitality, tourism, and sport.

The property is 100% leased with a holding rental of $300,000 net per annum. The lease is subject to a twelve (12) month redevelopment notice clause and is for Private Sale via exclusive selling agents MP Burke Commercial.