Located just minutes from the heart of Geelong, this unique property offers a rare opportunity for savvy investors, developers, or renovators. Set on approximately 713sqm, the complex comprises four self-contained units on a single title, with strong potential for future value uplift.
Originally built in 60s the property includes:
• 3 x One-Bedroom Units – Two have been stylishly updated and are currently in excellent condition. The third, while neat and functional, offers scope for renovation to maximise rental yield.
• 1 x Three-Bedroom Unit – A spacious residence more akin to a small home, featuring open-plan living and dining areas, bathroom, and access to a large concreted outdoor area (currently not on title, but may be available for acquisition through council processes).
With council approval, the four units could possibly be individually titled, providing an exciting subdivision or strata opportunity for those willing to undertake the process – a task more time-oriented than costly.
Currently returning approximately 6%, this property is ideal for:
• Investors seeking solid returns with future potential,
• First-time developers or tradespeople looking for a hands-on project,
• Buyers seeking a multi-income investment close to amenities.
UNIT 1 $360 per week
UNIT 2 $280 per week
UNIT 3 $400 per week
UNIT 4 $420 per week
Opportunities like this – with flexibility, upside, and a prime location close to Geelong’s city centre – are increasingly hard to find.
Inspection by private appointment only – contact us today to explore the potential.
