40-42 Moorabool Street, Geelong, VIC 3220 | Commercial for sale | OnTheHouse
 
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40-42 Moorabool Street
Geelong VIC 3220

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1145m2
Land area: 571m2
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Prime CBD Freehold With Future Development Opportunity

- Secure Income
- Future Development Opportunity
- Prime CBD Freehold
Ideally positioned along Moorabool Street at the bay end of Geelong's CBD, 40–42 Moorabool Street presents a rare opportunity for investors, owner-occupiers, or developers.
The property occupies a 571m² (approx.) landholding* and is improved by a 1,145m² (approx.) two-level brick building*, offering versatile hospitality, entertainment, and commercial accommodation.
Currently operating as a nightclub under a secure long-term lease, the property provides a strong income stream while also benefiting from its Activity Centre Zone (ACZ) designation, prime CBD frontage, and exceptional exposure to passing foot and vehicle traffic.
Its central location ensures unrivalled access to Geelong's best retail, such as Westfield shopping centre, dining and waterfront precincts, and Deakin University making it a highly sought-after CBD freehold with both immediate income and long-term upside.
Future development opportunities such as office, residential or retail (STCA) with the current zoning and Central Geelong Framework Plan, allowing 28m or 8 storeys approximately.
This rare and highly sought-after freehold opportunity is not to be missed.
Information Memorandum available.
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Property Details for 40-42 Moorabool St, Geelong

Building Type
Commercial
Floor Size
1145m2
Land Size
571m2
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About Geelong 3220

The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2016 was 5210 people. By 2021 the population was 5811 showing a population growth of 11.5% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation.In 2021, 53.60% of the homes in Geelong were owner-occupied compared with 54.00% in 2016.

Geelong has 6,468 properties. Over the last 5 years, Houses in Geelong have seen a 19.64% increase in median value, while Units have seen a 8.47% increase. As at 30 November 2025:

  • The median value for Houses in Geelong is $868,712 while the median value for Units is $654,991.
  • Houses have a median rent of $525 while Units have a median rent of $500.
There are currently 36 properties listed for sale, and 16 properties listed for rent in Geelong on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Geelong.

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Remy Welch
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