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Back 72 Bellerine Street
Off Market

72 Bellerine Street

Geelong VIC 3220

12
6
6
Block of units
Tony YoungTony Young, last sold this property on 26 May 2025 after 68 days on market.

Overview

For those with an eye towards the future

Expressions of Interest Closing Wednesday 23rd April 12pm 6x2 Bedroom Apartments all on one title. This significant investment opportunity in Geelong will hold strong appeal for all astute purchasers. These neat apartments are fully leased at an average of $330 p.w each and are superbly located on the doorstep of the CBD in the Hospital precinct and within easy walking distance to all that a CBD address has to offer. For many years the combined value of and return of the individual units on this site would be considered as the highest and best use for this site but as Geelong continues to grow and the demands on the CBD continue to increase many possibilities will present. It is just a matter of waiting while your investment increases in value. • Zoned Activity Centre 1- This flexible Zone allows for a multitude of potential developments on this 745m2 site (currently zoned for 4 levels) https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08 https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08-s1 • Strata Title and refurbish the existing property to create 6 Separate units to allow for individual sale in the future. (Subject to approvals) • Currently returning $101,920 P.A = 4.43% Gross on the top end of our asking price (Rental return will increase as interest rates slowly fall increasing return)

Features

12 bedrooms
6 bathrooms
6 carspaces
5 carport spaces
1 garage space
Block of units

Estimated Value

We need at least 3 similar 12 bedroom block of units sold in Geelong over the last 12 months.

Property history for 72 Bellerine Street

2025
Sold
Undisclosed
26 May 2025 by Tony Young, of Gartland

Happy sellers in Geelong

65%
65% of sellers in Geelong reported that their sale price either exceeded or met their price expectations.

Geelong stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Geelong over the last 12 months.

Local market activity for 12 bedroom block of units in Geelong

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Lisa Emanuel is a recommended agent for Geelong.  They have 3 local sales and collected 2 local reviews across the last 12 months.

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Matthew Hunt

Matthew Hunt is an award winning recommended agent for Geelong.  They have 1 local sale and collected 2 local reviews across the last 12 months.

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Tom Butters

Tom Butters is an award winning recommended agent for Geelong.  They have 3 local sales and collected 1 local review across the last 12 months.

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