38-40 Mercer Street Geelong VIC 3220

An exceptional opportunity to secure a high-profile development site in the heart of the Geelong CBD, offering holding income while you plan its future potential. Leased for five years from 1 October 2023 (with no further options), the property provides flexibility and income security during the early planning phases.

Occupying 1,616m² approx. of Activity Centre Zoned land, the site includes an existing 1,100m² approx. building and benefits from a preferred building height of up to 60 metres - unlocking the potential for breathtaking views across Corio Bay and the wider Geelong region.

3840 Mercer Street is a rare chance to secure a significant CBD holding with both income and immense future potential.

Total land of 1,616m² approx. with existing 1,100m² approx. building
Secure 5-year lease commenced 1 October 2023 (no options)
Activity Centre Zoning with preferred height limit of 60m^
Scope for multiple development outcomes (STCA)
Elevated outlook with expansive Corio Bay and city views
Close proximity to Geelong Train Station, Westfield Shopping Centre, and key cultural and commercial precincts
Surrounded by major infrastructure and development projects, including the Geelong Convention and Exhibition Centre and port upgrades
Activity Centre Zoning