Geelong West warehouse awakens development options
A big warehouse provides owner occupiers, investors and potential developers an angle on a busy Geelong West commercial strip.
The 1566sq m warehouse has been home to electrical goods wholesaler AWM until recently when the business relocated to Moolap.
But Maxwell Collins, Geelong agent Paul Whyte says the owner’s decision to place the property at 42-46 Gordon Ave on the market opens myriad opportunities on the site between the Geelong train station and Pakington St.
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“It’s pretty flexible. There was a wholesale business in there before, so they had offices, showrooms and storage,” Whyte says.
“But we have had parties looking at it for alternatives, whether they want to develop it to be office space or storage.
“There’s been multiple inquiries for different uses, so it’s pretty broad — it could suit a number of buyers.”
Whyte says part of the attraction of the Commercial 2 zoned property is it’s 750m from the train station and The Gordon TAFE and 100m to Pakington St, with parking on-site for 15 cars.
“Parking is like gold with commercial property in the CBD, so to have something like this on the outskirts that has off-street parking is something we think is appealing.”
The property includes a large warehouse, office showroom and mezzanine storage with dual street frontage providing drive-through access from Gordon Ave to Autumn St.
Three tall roller doors give access to both streets and the yard.
If a developer was to buy the site, it wouldn’t be the first office development on the street, with two large scale buildings on the opposite side of the street, with another completed next door in 2018.
“It’s certainly ripe for redevelopment. Also you don’t get many warehouses that haven’t got the upright columns in it. It’s a big open-span warehouse.
“If it’s storage, you don’t have to negotiate around pillars and it’s a terrific big shell.”
42-46 Gordon Ave, Geelong West will auctioned on August 30 at noon.
Price hopes are above $3 million.
This article from the Geelong Advertiser originally appeared as “A Geelong West warehouse offers development prospects near train station, Pakington St”.