270 Shannon Avenue
Geelong West, VIC 3218

Overview

Prime Freehold Investment with Fantastic Exposure

This property represents an excellent opportunity for investors or owner occupiers looking for a low-maintenance, income-generating asset in a highly visible and sought-after commercial precinct of Geelong West.

Key features of the property include:

• Prime location in Geelong West, offering excellent exposure.
• Land area of 217 square meters, providing a compact yet functional footprint.
• Building area also measuring 217 square meters, ensuring efficient use of space.
• A frontage of 7.92 meters to Shannon Avenue, enhancing visibility and access.
• Shared rear carpark accessible from Aberdeen Street, facilitating convenient parking options.
• Current income of $71,718.96 plus GST and outgoings, providing a steady revenue stream.
• Eligibility for a 50% Regional Stamp Duty Concession, offering financial benefits to buyers.
• Excellent access to major arterial roads including the Geelong Ring Road, supporting ease of transportation and logistics.
• Zoned Commercial 1 under the Greater Geelong Planning Scheme, allowing for a variety of commercial uses.

The property is well positioned to benefit from the growth trajectory of the City of Greater Geelong, one of Australia's fastest growing regions, with a projected population increase of 28.7% between 2024 and 2034. This growth underpins the potential for capital appreciation and sustained demand in the area.

Opportunities to acquire properties of this calibre in such a strategic location are rare. Interested parties are encouraged to seek further information or arrange a viewing to fully appreciate the value and potential of this investment.

Location