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

Strategically positioned on prestigious Moorabool Street at the waterfront end of Geelong's CBD, 40–42 Moorabool Street offers an exceptional opportunity for investors, owner-occupiers, and developers alike.
Set on a substantial 571m²* landholding, the property is improved by a versatile two-level brick building totalling approximately 1,145m²*, currently configured for hospitality, entertainment, and commercial use.
The asset is securely leased to an established nightclub operator, delivering a strong and reliable income stream, while its favourable Activity Centre Zone (ACZ) zoning provides outstanding long-term flexibility and development potential. With prominent CBD frontage and exceptional exposure to both pedestrian and vehicle traffic, the property occupies one of Geelong's most tightly held commercial precincts.
Surrounded by Geelong's premier retail, dining, and lifestyle amenities - including Westfield Geelong, the waterfront precinct, and Deakin University - the property benefits from unrivalled connectivity and enduring demand.
Further enhancing the appeal is the potential for future office, residential, hospitality, or mixed-use development (STCA), supported by the current zoning and Central Geelong Framework Plan, which allows for building heights of approximately 28 metres or up to 8 levels.
This is a rare opportunity to secure a high-profile Geelong CBD freehold combining immediate holding income with substantial future upside.
Secure Long-Term Income Stream
Significant Future Development Potential
Prime Geelong CBD Freehold Opportunity
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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. There are 17 parks, covering nearly 8.9% of the 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 6,484 properties. Over the last 5 years, Houses in Geelong have seen a -0.38% decrease in median value, while Units have seen a -8.14% decrease. As at 31 July 2026:

  • The median value for Houses in Geelong is $880,356 while the median value for Units is $615,981.
  • Houses have a median rent of $593 while Units have a median rent of $520.
There are currently 30 properties listed for sale, and 15 properties listed for rent in Geelong on OnTheHouse. According to Cotality's data, 247 properties were sold in the past 12 months in Geelong.

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