Geelong's Home House Nightclub listed for sale
Most Geelong locals will have a tale or two to share about a night out at Home House, and now, the popular nightclub has been listed for sale via an expressions-of-interest campaign, appealing to investors seeking passive income from a well-established tenant.
Positioned in the centre of the city’s nightlife and hospitality precinct on Moorabool Street, the Home House Nightclub is surrounded by restaurants, bars and shops which attract steady foot traffic from day to night.
Strong rental income and secure lease terms
Zed Real Estate agent Ali Omid says the asset generates an annual rental income of about $203,000, which is a strong indicator of its investment return for the buyer.
Currently on a five-year term with two additional five-year options, with fixed 4 per cent annual rental growth built into the lease, the investor will be stepping into a steady income stream, according to Omid.
“The business has been doing well for years – it’s a popular spot for young people to come out to and is recognised within the area,” he says.
Prime CBD location with future development upside
The property occupies a substantial 571-square-metre landholding with a two-level brick building of about 1145 square metres. Inside are expansive open-plan areas, multiple bars and lounge spaces, a dance floor with a DJ booth, commercial kitchen facilities and a first-floor balcony area.
Positioned at the waterfront end of Moorabool Street, the freehold benefits from prominent CBD frontage and exposure to both pedestrian and vehicle traffic. The property’s Activity Centre Zone zoning and location within the Central Geelong Framework Plan provide longer-term redevelopment potential, with building heights of up to about eight levels (STCA) adding a layer of future upside beyond the existing income stream.
Investors eye regional growth as Geelong booms
Omid says the offering is likely to attract investors rather than owner-occupiers, given the size of the investment and the strength of the existing lease arrangement.
“Most buyers will be looking at the income stream and the long-term potential of the asset rather than operating the venue themselves,” he says.
Interest has largely come from local buyers familiar with the city and its ongoing growth story.
The listing comes as Geelong continues to attract investment activity, supported by strong population growth and major infrastructure spending. It is emerging as one of Victoria’s most significant regional economic centres.
