Prime Corner CBD Freehold, 155 Mercer Street, Geelong, VIC 3220


For Sale

  • Property ID: 441067
  • Floor Area: 912m²
  • Occupancy: Vacant
Stand Out Development Site on Prime Intersection

MP Burke Commercial is delighted to offer for sale 155 Mercer Street, Geelong, a rare opportunity to secure one of Geelong’s best gateway development sites with passing income.
Leased until 30 September 2027, this property is perfectly located on the prized northwestern corner of Mercer & Gheringhap Street, opposite Johnstone Park and adjacent to the new Geelong Civic Precinct. This central location offers direct pedestrian access to the Geelong Railway Station, the famous waterfront precinct and cosmopolitan Little Malop Street.
Zoned Activity Centre Zone (ACZ) under the Greater Geelong Planning Scheme, 155 Mercer Street sits within the new commercial hub featuring the new City of Greater Geelong Civic Precinct, WorkSafe Victoria, TAC & NDIS. The nearby Geelong Waterfront Convention Centre and the Cunningham Place Development are under construction. This prominent site features a triple street frontage on the major intersection of Mercer, Malop & Gheringhap Streets.
Geelong continues to be one of Australia’s most dynamic regional cities with strong population growth and capital investment in commerce, infrastructure, health, education, retail, hospitality, tourism, and sport.
The property is 100% leased with a holding rental of $300,000 net per annum. The lease is subject to a twelve (12) month redevelopment notice clause and is for Private Sale via exclusive selling agents MP Burke Commercial.
Tenanted Investment
All prices quoted are exclusive of GST.
Level 1, 145 Russell Street
© 2024 MP Burke Commercial. All rights reserved.

Geelong Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $776 ---
Retail --- $250 ---
This is the average advertised price, rent and yield for Geelong, VIC 3220*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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