For Sale

  • 1-5/94 Gheringhap Street
  • Geelong VIC
  • 473sqm
  • Other

$4,500,000 - $4,950,000

1-5/94 Gheringhap Street, Geelong VIC
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  • 1-5/94 Gheringhap Street
  • Geelong VIC
  • 473sqm
  • Other

$4,500,000 - $4,950,000

5 Titles Across 3 Levels in Central Geelong

A "one-of-a-kind" residential and commercial combination in one of Australia's fastest growing regional centres. 4 separately titled apartments currently specializing in boutique short stays accommodation with a natural 95% occupancy rate for December 2021 - Geelong's highest independently ranked properties (booking.com). In addition - A separate and private 3-storey luxury residence with lift access, where owners can be as involved as they wish in the commercial operations. Significant returns have been the result of a pre-established reputation and a business model founded by experienced operators.

The Greater Geelong Region is currently experiencing significant growth and ongoing demand for quality short stays accommodation. Further opportunity awaits for those identifying accessibility, development and growth including Avalon Airport, a new passenger terminal for "The Spirit of Tasmania" and future proposed fast rail from Melbourne.

"Nomads Nest" is a world class development with stunning contemporary finishes across the complex with extremely versatile floor plan options. The main residence hosts 2 bedrooms with private ensuites, 3 living zones, home office and formal dining room with cellar. Stunning repurposed timber features throughout are also included in a magnificent feature-lit staircase. Polished concrete floors on the lower level and deep tones of American Oak throughout the kitchen and butler's pantry. All set off with a feature marble waterfall bench top, brass tapware and premium appliances. Internal double garage access via a galley laundry provides discreet entry. A tall, calm atrium bounces light throughout the levels drenching all living, dining and office. On the roof - Neon blue sparkles through the glass wall of a heated designer pool. Rest your chin on the edge and take in the 270° views over the bay, city and stadium lights. 2 terrace options and an additional powder room are featured off a pool house lounge (also accessible by lift). Bi-folding doors on the West side open the plan for indoor/outdoor entertaining. Perfect for warm summer evenings, the BBQ and space for plenty of friends.

The guest apartments all feature full kitchens and are fully self-contained with quality appliances. All residences have commercial grade double glazing for a quiet stay in the CBD and balcony/porch access with garden or skyline outlooks. Rear access for guest parking and "contact free" check-in creates a hassle free experience for visitors taking advantage of this exceptional location in the heart of Geelong. Entry to the complex is completely separate to the main residence with extensive security vision available around the building - again allowing hands free operations where required.

Business growth opportunities include:

• Room to engage formal marketing management. Unexplored territory includes social profile, social advertising, Google Ad Words, local publication marketing and radio advertising. Owners currently only using 2 major online portals and business website to generate an already healthy income.

• Offering the luxury residence to the short stays market with comparable serviced properties comfortably indicating capacity of returns between $1500-$2000 per week.

• Combining the luxury residence in a package with the apartments for wedding bridal parties, tour groups and extended family events.

• Engagement of local medical precincts in referral as preferred local accommodation in central Geelong.

• Providing rooftop pool access to the Nomads Nest apartments increasing returns (pre-existing access points currently in place for simple conversion).

"Nomads Nest" is moments walk from:

• Elite dining and entertainment options including Little Malop Street and Geelong's Prestigious Waterfront.

• AFL football, 20/20 Cricket and A-League Soccer at GMHBA Stadium.

• Geelong Arts Centre and Geelong Gallery hosting international exhibits and performances.

• Geelong's Medical precinct including the St John Of God Private Hospital

• Westfield and Market Square Shopping Centres and Supermarkets.

Geelong's CBD has fast become the central hub linking the Surf Coast and Great Ocean Road, Bellarine Peninsula, Otways and You Yangs Regional and National Parks.

Nomads Nest is conveniently located to facilitate guest transfers. The property is a short walk to Geelong Gull Bus Terminal (direct to Melbourne Airport) and the Geelong Railway Station. Port Phillip Ferries (direct to Docklands, Melbourne) also depart to and from the Geelong Waterfront for overnight trips.

For further information on this unique and versatile proposition, contact Tom Luxton on 0407887148.

It’s all in the detail.
It’s all in the detail.
It’s all in the detail.
We are a specialist real estate agency renowned in Geelong for expert residential and commercial services