Latest news with #MaxwellCollins
News.com.au
6 days ago
- Business
- News.com.au
Plans revealed for largest vacant site up for grabs in Geelong West
A substantial residential block representing the largest parcel of development-ready land in Geelong West has whet the appetite of potential developers. The 3538sq m parcel of flat land at 18-24 Andrews St, Geelong West, has been listed for sale with price hopes of $3.5m Maxwell Collins Geelong director Nick Lord is managing the expressions of interest sale, where offers close on August 28. Money guru's $612k offer for Aussie homebuyers Mr Lord said the land was previously owned by Telstra and had been vacant for many years before the present owner purchased it. 'We've had solid interest given it's a rare site as a large parcel just under an acre in Geelong West,' Mr Lord said. 'It's extremely unique – the inquiry whether it would be locally, Melbourne-based or interstate, it has the attracted good interest. 'The early interest has been from apartment and townhouse builders as well as childcare centres. ' 'It gives that flexibility whether someone wanted would look for a childcare centre and then additional townhousing on the balance of the land.' Mr Lord said the site would also suit an aged care facility. The property was even more attractive, given the framework shaping the future of Pakington St and with local schools close by, Mr Lord said. St Patrick's Primary School is metres down the street, with Ashby and Manifold Heights primary schools also less than a kilometre from the property. The site has frontages to Andrews and Mowat streets and is the only substantial green space in the western part of the suburb outside of Bakers Oval and the primary school ovals. Mr Lord said the price guide reflected a $1000 per square metre land rate, which was 30 per cent below what a standard block was selling for in the area. New townhouse developments are popping up across the suburb, with recent four-bedroom red brick residences on Andrews St attracting interest around $1.2m. The property comes to market as the owner of a landmark corner site at 68-70 Pakington St seeks a buyer between $2.95m and $3.245m, plus GST. McGrath Commercial Geelong agent David McGuinness said there has been interest in the property from parties looking at the development potential of the site at Waterloo St. A key to unlocking the development potential is rezoning the site from Commercial 2 to Commercial 1, proposed in the Pakington St North Urban Design Framework. That decision would allow commercial and residential uses to be co-located on the 950sq m property in a building up to four-storeys, or 15m. City executive director placemaking Tennille Bradley said Amendment C433ggee is on public exhibition as part of the statutory process to amend the Greater Geelong Planning Scheme to implement the Pakington Street and Gordon Avenue urban design frameworks. These UDFs were adopted by council in May 2024, after extensive consultation with the community, with the implementation phase also inviting public submissions. 'This process and consultation is about implementing the adopted changes into the planning scheme,' Ms Bradley said. Council will consider all submissions before deciding whether to adopt the amendment and forward it to the Minister for Planning for final approval, Ms Bradley said. Submissions about the amendment close on September 1.
News.com.au
04-06-2025
- Business
- News.com.au
Buyers to unlock value in historic Newtown property
Builders are set to unlock the value in a complex of historic Newtown residences sold after the property took a $1m haircut having been on the market for more than two years. Roslyn is a converted 1850s Italianate mansion and an adjoining Art Deco block of apartments built in the 1920s occupying a prime 1885sq m corner site at 272 Latrobe Tce, Newtown. The property, which was initially listed for sale with $3.4m to $3.7m price hopes in March, 2023, sold last week in a $2.55m deal with a Surf Coast party. Maxwell Collins Geelong agent Duncan Skene said improving conditions for builders and developers combined with a lower asking price to raise the profile of the inner city landmark with potential buyers. Mr Skene said he received three offers on the property opposite Matthew Flinders Girls Secondary College once the price guide was reset at $2.5m to $2.75m. It's the second landmark property to sell on the strip between Roebuck and Aberdeen streets, after a historic villa house converted to an office at 256 Latrobe Tce was snapped up for $1.62m in April. 'There's a little bit more positivity out there and people are starting to look for projects again,' Mr Skene said. 'It's just been since Covid that everyone has put things on hold and were getting slammed. 'They got all their work done and now they're looking for some projects again and this will meet their needs.' Mr Skene said he expects the buyers to reposition the property, which is presently divided into nine units, including seven with one bedroom, one two-bedder and the main four-bedroom residence. 'My understanding is they're going to renovate, just with all the heritage guidelines and everything, and bring it back to its former glory,' Mr Skene said. 'They'll probably subdivide it off, rather than just have the one house. I'm pretty positive they're not going to make it into a residence again.' Mr Skene said the three offers came from local players, underlining the local knowledge in the potential for the area. The two residential buildings are set at the front of the property, leaving a substantial portion for garaging and driveway. The original Italianate mansion was built in 1855 for John Guthrie, who was a sub-division magistrate and immigration agent at Geelong. Subsequent owners included Geelong merchant George Hitchcock, of Bright and Hitchcocks, before it was home to the Presbyterian Girls College from 1919 to 1930, which went on to become Morongo at Bell Post Hill, the present site of Kardinia International College.
News.com.au
20-05-2025
- Business
- News.com.au
Luxury home with views thrills on Geelong's other waterfront
New South Wales buyers have pounced on a luxury, four-bedroom two storey townhouse on Geelong's tightly-held North Shore. Maxwell Collins, Geelong agent Duncan Skene said the view was the key attractions for the buyers at 33B The Esplanade, North Shore, who were relocating to be closer to family. But he said the value of the substantial residence was incredible for a home with such a view. Mr Skene said he couldn't reveal the sale price, but revealed it was within the $1.425m to $1.525m range. Records show it's the fourth most-expensive home to sell in the tightly-held northern suburb. The North Shore residence overlooks Corio Bay with an incredible view across the water to Geelong's burgeoning waterfront. The only catch for some is the suburb is surrounded with industry. But Mr Skene said even that is no longer such an impediment for buyers, with other potential purchasers looking for a higher-end home close to their place of work. 'Other people were just looking to relocate and just wanted something with a bit of a view, but maybe not the higher price tag of Eastern Beach,' Mr Skene said. The home offers premium finishes such as square-set ceilings, a designer kitchen with stone waterfall benchtops and Smeg appliances, double glazed windows and stacking glass doors that open the main living area to a full width balcony overlooking the water. The expansive upstairs living area is ideal for entertaining or just relaxing while enjoying the stunning outlook towards the Geelong CBD. The home's lavish main bedroom suite offers a walk-in wardrobe and an ensuite with a dual shower, complemented by a stylish powder room. Three more bedrooms on the ground floor offer built-in wardrobes and share a sleek bathroom and a generous family room that opens onto a rear deck and sun-drenched, north-facing back yard. The home has full airconditioning, a security system, landscaped gardens, and a remote-controlled double garage with internal access. The double-storey townhouses were developed after the original home last sold in 2017 for $1.175m, having been in the same family for more than 40 years. The suburb's most expensive home nearby sold for $3.4m in 2022 and has been a target for families with students studying at nearby Geelong Grammar School. Homes are substantially cheaper than similar properties along Geelong's Eastern Beach, where the most recent sale, a two-storey heritage terrace house at 34 Eastern Beach sold for $3.5m in 2024.
