3 Pakington Street Geelong West, 3218 VIC

Permit Approved Four-Level Commercial Development - Potential 8% return

Phone enquiries - please call 1300 594 794 and quote property ID 40512.

A rare opportunity to secure a permit-approved commercial development site within one of Victoria's most tightly held and sought-after commercial precincts.

Positioned in the heart of vibrant Pakington Street, Geelong West, this 523m² Commercial 2 Zoned site comes complete with planning approval for a substantial four-level commercial development comprising approximately 960m² of floor area, providing purchasers with the opportunity to significantly reduce development timeframes and planning risk.

With holding income in place and an approved pathway to a premium commercial project, this is an outstanding opportunity for developers, investors, syndicates and SMSF buyers seeking exposure to one of Victoria's fastest-growing markets.

Property Highlights
- 523m² Commercial 2 Zoned site
- Prime Pakington Street location
- Planning Permit No. 128-2025 approved
- Four-level commercial development approval
- Approx. 960m² approved building area
- Ground floor retail accommodation
- Three upper office levels
- Approved 6 car spaces
- Approved 8 bicycle spaces
- Existing holding income
- Rare development opportunity within Geelong West
- Existing Income

The property is currently leased to an established tenant, providing immediate holding income while development plans are progressed.

Pakington Street is widely recognised as Geelong's premier commercial, retail and lifestyle destination. Surrounded by thriving cafes, restaurants, professional services and specialty retailers, the precinct continues to attract strong business investment and increasing demand for quality commercial accommodation.

Development opportunities of this scale within the Pakington Street precinct are becoming increasingly scarce.

Future Potential
Based on conservative rental assessments, the completed development has the potential to generate approximately:
$280,000 per annum plus GST and Outgoings.

When assessed against anticipated land and construction costs, the project has the potential to deliver a return approaching 8% per annum.

The approved permit allows purchasers to move directly toward project delivery without the uncertainty and delays typically associated with the planning approval process.

Investment Rationale
This is a genuine "income today, development tomorrow" opportunity.
Secure an approved commercial development site in one of Victoria's strongest markets while benefiting from immediate holding income and significant future upside.

For further information, plans and permit documentation, enquire today.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

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