A popular Geelong function centre has been listed for sale for the second time in a year by vendor, funeral director, Michael King.
Lyndon Grove is also being marketed for lease.
The offering includes a historic building at 127-131 Torquay Road (or Surf Coast Highway), Grovedale, as well as a large block configured as a car park, next door (121-125 Torquay Road).
Combined the offering spreads over 7300 square metres of land. It is zoned residential but can be occupied again as a function centre.
Lyndon Grove has occupied the historic component of the property for decades. Part of the site is configured with a four-bedroom residence and double garage.
“The commercial property market will benefit from the impressive population and residential property boom being experienced in Greater Geelong, which will be further buoyed by the political focus on reducing congestion from Melbourne, marketing agent Andrew Hewett told the Geelong Advertiser, which reported this listing yesterday.
Mr Hewett, of Hewett Commercial, added that the flexible site lends itself to a range of uses and developments.
The sale comes a week after Wesfarmers listed for sale Target’s long-time office headquarters, in North Geelong. On a 3.8 hectare block zoned Mixed Use, this property is expected to trade for more than $10 million.
Today we reported that shopping centre Drysdale Village is also for sale, the latest in a string of investment-grade retail assets to hit the market in Geelong this year.