This is a rare opportunity to purchase a stand-alone building with no body corporate in tightly held Deakin. The building holds the potential to expand/extend the existing improvements to near double the existing building size.
35 Geils Court is prominently located fronting Geils Court in the popular West Deakin office precinct, in the inner southern suburb of Deakin. The property is set on a level 643 sqm block providing a leafy outlook, great natural light and it is positioned directly opposite a public long stay car park.
Currently set up as two separate tenancies, the front tenancy of 159.50 sqm has been in place for several years and is leased by an accountancy firm who is currently on a month to month lease, they would like to stay on and is willing to sign a new lease, however being on a month to month lease this leaves an opportunity for an owner occupier to occupier the front half of the building immediately. The rear tenancy of 196.5 sqm is leased to Early Start Australia Pty Ltd with a further 5-year option currently in place.
Both tenancies have separate power circuits, air conditioning and amenities. The front (159.5m2) and rear (196.5m2) tenancies can be connected internally if required. The total NLA for the building is 356 m2.
Both tenancies have separate and independent access the building has no common internal space a potential owner may experience lower running costs for the building when compared to other buildings within the precinct.
There are up to 8 on-site parking spaces accessible using the adjoining Legacy building driveway by agreement. (The current owner donates $1,375 a year to Legacy for driveway access).
The building is located directly opposite a large long stay car park with short term car spaces located directly out the front of the building. The ground floor access and location directly opposite the post office would also provide a benefit for potential tenants.
The size of Deakin is approximately 3.6 square kilometres. There are 7 parks, covering nearly 29.2% of the total area. The population of Deakin in 2016 was 2878 people. By 2021 the population was 3124 showing a population growth of 8.6% in the area during that time. The predominant age group in Deakin is 10-19 years. Households in Deakin are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Deakin work in a professional occupation.In 2021, 73.00% of the homes in Deakin were owner-occupied compared with 70.60% in 2016.
Deakin has 2,018 properties. Over the last 5 years, Houses in Deakin have seen a 10.35% increase in median value, while Units have seen a 26.27% increase. As at 30 April 2026:
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