$650,000 - $700,000

137 and 139 Yarra Street Geelong

137 & 139 Yarra Street are two exceptional parcels of land located in the heart of Geelong's CBD. Number 137 is zoned Mixed Use (MUZ), is approximately 315sqm and offers rear street access. No. 139 is Residential Growth Zone Schedule 1, is accessed by Bright Place also, and is set on 303sqm. The Yarra Street frontage, rear access and development potential is complemented by the location in the Heart of Geelong's medical precinct. Both allotments have recently had houses removed leaving the blank canvas that is on offer. The precedent has been set with an apartment complex on one side and a brand-new medical development on the North side of the properties. These will be auctioned individually, however the successful buyer of the first property will be given the first right of refusal to purchase the second block before it is offered for Auction on the same day. If the buyer chooses not to secure the second allotment, then this will be auctioned immediately thereon after. The possibilities are almost endless; medical or professional suites; a combined residential & commercial development or a high-density residential development.
The Geelong Hospital is approximately 250 metres to the east, and the St. John of God Hospital is approximately the same distance to the west. The properties sit directly opposite the majestic St Marys Basilica, and are moments from the Geelong CBD. There is exceptional street frontage, ease of access to parking, genuine rear street access and the properties are highly accessible.