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Income-Generating Development Opportunity
Gartland are pleased to offer for sale a significant development opportunity (STCA) at 35-37 Walsgott Street, North Geelong.
With strong success demonstrated by the neighboring development, this site presents an excellent opportunity for the astute developer to capitalize on the ongoing growth and revitalization of North Geelong. Positioned close to shopping amenities, public transport and the Geelong CBD, mixed-use developments in this area have consistently achieved strong outcomes.
The adjoining property was recently redeveloped into four (4) townhouses and two (2) commercial tenancies, completed in late 2025, and is delivering a substantial return for the owner. This site mirrors that development, providing a clear precedent for a high-quality mixed-use project.
Currently leased to both commercial and residential tenants, the property provides reliable holding income:
- Term: 1+3+3+3 commencing December 2023
- Current Term: 22 months remaining on present term with 2 further options of 3 years remaining.
- Increases: 4% annual with market reviews at options
Key Property Features
For further information or to arrange an inspection, contact us today.
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