38-40 Mercer Street,

Geelong

An exceptional opportunity to secure a high-profile development site in the heart of the Geelong CBD, offering holding income while you plan its future potential. Leased for five years from 1 October 2023 (with no further options), the property provides flexibility and income security during the early planning phases.

Occupying 1,616 sqm approx. of Activity Centre Zoned land, the site includes an existing 1,100 sqm approx. building and benefits from a preferred building height of up to 60 metres - unlocking the potential for breathtaking views across Corio Bay and the wider Geelong region.

38-40 Mercer Street is a rare chance to secure a significant CBD holding with both income and immense future potential.

• Total land of 1,616 sqm approx. with existing 1,100 sqm approx. building - - Secure five-year lease commenced 1 October 2023 (no options)
• Activity Centre Zoning with preferred height limit of 60m^
• Scope for multiple development outcomes (STCA)
• Elevated outlook with expansive Corio Bay and city views
• Close proximity to Geelong Train Station, Westfield Shopping Centre, and key cultural and commercial precincts
• Surrounded by major infrastructure and development projects, including the Geelong Convention and Exhibition Centre and port upgrades
• Activity Centre Zoning