Retail Plus Residential With Potential To Develop
An exciting retail development opportunity in the heart of vibrant Shannon Avenue (Manifold Heights shopping strip) provides enormous scope and possible retail/residential mix (STCA), in this established yet advancing retail precinct. Possible vacant possession ensures the options remain endless! Recent development of two major supermarket outlets only metres away provide great exposure for any retail or commercial venture, while possible development (STCA) ensures value is immediately enhanced. The current retail space is a well established veterinary clinic consisting of large reception/waiting area with two consulting rooms and additional clinical spaces. This existing layout would suit other business types including allied health services or finance professionals.
The existing timber Californian bungalow remains in original condition consisting of lounge and adjoining kitchen, one bedroom, large central bathroom and laundry. Side vehicle access to the rear of the block is securely gated and a smaller courtyard space to the front of the property adjoins the shop front. Construction to connect the brick retail space to the timber cottage has been undertaken over previous years as well as updates to the retail space. Many endearing period elements, quite highly sought after within these city fringe suburbs, include beautiful stained glass windows, one taking pride of place within the reception space of the shop front.
The size of Geelong West is approximately 2.3 square kilometres. There are 5 parks, covering nearly 2.4% of the total area. The population of Geelong West in 2016 was 6966 people. By 2021 the population was 7345 showing a population growth of 5.4% in the area during that time. The predominant age group in Geelong West is 30-39 years. Households in Geelong West are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong West work in a professional occupation.In 2021, 57.50% of the homes in Geelong West were owner-occupied compared with 57.40% in 2016.
Geelong West has 4,791 properties. Over the last 5 years, Houses in Geelong West have seen a 5.36% increase in median value, while Units have seen a 6.52% increase. As at 30 June 2026:
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