A key industrial asset in one of Geelong’s most prominent precincts is set to draw interest from developers, occupiers and investors after coming to market.

The 5,878sqm block of land with a warehouse on it at 156-162 Marshalltown Road in Grovedale provides a high level of versatility to suit the diverse needs of occupiers, given the Industrial 1 zoning and exceptional locale. 

The addition of the 1,560sqm warehouse also provides the unique prospect to attain immediate short-term revenue while formulating plans for any development on the site (STCA). 

The Colliers team of Ned Tansey and Jonathan Lumsden have the exclusive listing, with price expectations of circa $6 million. 

“The property’s location surrounded by a prominent list of national brands including Total Tools, National Tiles, IGA, Bounce, Barbeques Galore means there is established success within the region, while the connectivity to crucial arterial roads make access to the Surf Coast, Geelong and Melbourne extremely easy,” Mr Tansey said. 

“This property provides flexibility to a number of different users, with a great frontage of 61m, high clearance throughout the warehouse, and outstanding development potential (STCA). This is a thriving location with the property located 9.5km from the Geelong CBD, 13.8kms from Torquay and 88km from the Melbourne CBD.” Mr Lumsden added. 

Geelong is a growing and thriving city, with increasing government expenditure on infrastructure and the economy. Included in this is the $294 million invested in the Geelong Convention and Exhibition Centre and $16.2 billion in capital investment that’s already underway or planned. 

156-162 Marshalltown Road, Grovedale is offered to the market For Sale by Expression of Interest, closing Thursday 5th October 2023 at 4pm (ADST).