A premium industrial warehouse located in the highly desirable suburb of Newtown on the outskirts of Geelong has been successfully sold by Colliers. The 290sqm property at 19/5 Bridge Street has changed hands for $1,150,000, achieving an impressive $5,750 per sqm across the ground floor area.

The transaction was expertly managed by Colliers’ agents Ned Tansey, Jonathon Lumsden, and Jackson Carrick. The asset was acquired by a local owner-occupier with vacant possession, underscoring the ongoing demand for industrial properties in the Geelong region. 

Ned Tansey, Executive at Colliers, commented, “Demand for industrial assets in high-quality locations around Geelong remains strong. Local owner-occupiers continue to drive market activity, seeking properties that offer both functionality and strategic positioning.”

“Warehouses like this one that offer a flexible layout, high clearance space, private offices, and quality amenities that appeal to various uses. Newtown’s prime location provides easy access to the Barwon River and the vibrant Pakington Street retail precinct, adds even more to its appeal.”

“So far in 2024 we have seen well located industrial assets in the Geelong region continue to achieve outstanding results,” added Mr Tansey.