NEW DEVELOPMENTS, DEALS
Huge Historic Riverfront Opportunity Comes Up For Sale in Geelong
Posted by Development Ready on May 15, 2019

A unique and substantial residential land holding with 73 metres of frontage overlooking the Barwon River, has recently been listed for sale. This incredible north-facing block, represents a remarkable mixed-use development opportunity with seemingly endless potential waiting to be realised (STCA).

1 Riverview Terrace in Belmont, 3km from Geelong’s CBD, is proudly and exclusively marketed by the team at Colliers International. The property is offered For Sale via an Expressions of Interest campaign closing Thursday 25 July 2019 at 4pm.

“This incredible property is home to the historic and beautiful Kardinia House, initially constructed in the mid-19th century,” selling agent Jonathon Lumsden noted.

“The homestead is, however, just one component of the significant 1.7-hectare landholding. The site presents flexible zoning within one of Australia’s fastest growing regions. There’s nothing quite like it in the Greater Geelong area.”

Until recently, an aged-care facility had occupied around 2,500sqm of the space, however the property is offered to the public with vacant possession.

“Its location and zoning allows creative developers and investors a large canvas with which to flesh out plans.” Colliers International agent Andrew Lewis added.

“The property is very close to Geelong’s CBD and surrounded by existing retail, social, health and community infrastructure. With this, potential purchasers have the option to pursue a range of schemes including residential, multi-unit complex, retirement living or subdivision.”
 

Summary:

  • Substantial residential land holding of 1.7 hectares
  • 148 metre street frontage to Riverview Terrace 
  • 73 metre north facing frontage to the Barwon River 
  • Zoning: General Residential Zone – Schedule 2 (GRZ2) 
  • Suitable for many development options including residential, multi-unit complex, retirement living or subdivision (Subject to council approval)
  • Offered with vacant possession

 *Please note that all financials, measurements and distances quoted are approximate only.

1 Riverview Terrace, Belmont, is For Sale via an Expressions of Interest campaign closing Thursday 25 July 2019 at 4pm.

For further information, please contact Colliers International:
Jonathon Lumsden: +61 402 213 572
Sam Neale: +61 438 480 266
Andrew Lewis: +61 418 508 908



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