Gartland is delighted to offer this unique freehold investment leased to Ripplesides number one Grocery/Convenience store located in the absolute prime bustling Melbourne Road for sale by Public Auction on Thursday 14th December at 1.30PM on site.
Strategically positioned in the thriving suburb of Rippleside, directly opposite North Geelong Station
Three (3) Year Lease from July 2022
The key attributes of this opportunity include:
Located within the highly desirable suburb of Rippleside
Irreplaceable land holding of 304sqm corner position with extensive frontage
Well presented Grocery store of 222sqm with attractive West facing shop
Superbly located amongst a long list of established local traders
Surrounded by a plethora of multi-level apartment sites constructed
Excellent access to all of Geelong & surrounding areas and gateway to the strong Geelong Waterfront
Convenient public transport amenities nearby North Geelong Station within walking distance
157 Melbourne Road presents an outstanding opportunity to acquire the perfect slice of Rippleside with massive future upside
Commercial 2 Zone
Contact us today to arrange an inspection.
The size of Rippleside is approximately 0.5 square kilometres. It has 4 parks covering nearly 22.8% of total area. The population of Rippleside in 2016 was 875 people. By 2021 the population was 994 showing a population growth of 13.6% in the area during that time. The predominant age group in Rippleside is 40-49 years. Households in Rippleside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rippleside work in a professional occupation.In 2021, 72.90% of the homes in Rippleside were owner-occupied compared with 74.70% in 2016.
Rippleside has 744 properties. Over the last 5 years, Houses in Rippleside have seen a 27.61% increase in median value, while Units have seen a 12.63% increase. As at 31 March 2026:
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