FOR SALE
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142A Pakington Street
Geelong West VIC 3218

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Charming Liquor Licensed Restaurant for Sale – Prime Pakington Street Location, Geelong West

An incredible opportunity awaits to own a cozy, fully licensed restaurant within 40pax in one of Geelong West’s most sought-after locations—Pakington Street. Known for its vibrant atmosphere and high foot traffic, this popular dining destination offers excellent exposure and steady business in a thriving part of town.
Why This Restaurant is an Ideal Investment:
1. Prime Location on Pakington Street
Situated on Geelong West’s busiest and most desirable strip, the restaurant benefits from constant foot traffic and high visibility. Pakington Street is known for its boutique shops, cafes, and eateries, making this a go-to destination for locals and visitors alike. This prime location ensures steady customer flow and great growth potential.
2. Liquor License and Intimate Dining Space
The restaurant has a liquor license, allowing it to serve a full range of alcoholic beverages, which is a major draw for diners. With a seating capacity of 20 patrons, this charming, intimate space is perfect for cozy dining experiences and small group gatherings. The ambiance is designed to offer a warm and inviting atmosphere, ideal for attracting loyal customers.
3. Strong Customer Base and Local Appeal
The restaurant enjoys a strong local following due to its excellent food, personalized service, and inviting atmosphere. It has established itself as a go-to spot for both regular customers and new diners exploring the vibrant Pakington Street dining scene.
4. Turnkey Operation – Ready to Go
This is a turnkey business, fully equipped with everything needed to continue smooth operations. From the well-maintained kitchen to the stylish décor, the restaurant is ready for you to take over and start generating income from day one. All the groundwork has been laid for a seamless transition.
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Property Details for 142a Pakington St, Geelong West

Building Type
Commercial

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About Geelong West 3218

The size of Geelong West is approximately 2.3 square kilometres. It has 5 parks covering nearly 2.4% of total area. The population of Geelong West in 2011 was 6,682 people. By 2016 the population was 6,976 showing a population growth of 4.4% in the area during that time. The predominant age group in Geelong West is 20-29 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 2011, 58.5% of the homes in Geelong West were owner-occupied compared with 57.4% in 2016.

Geelong West has 4,706 properties. Over the last 5 years, Houses in Geelong West have seen a 32.50% increase in median value, while Units have seen a 28.15% increase. As at 30 September 2024:

  • The median value for Houses in Geelong West is $826,999 while the median value for Units is $487,064.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Geelong west on OnTheHouse. According to CoreLogic's data, 203 properties were sold in the past 12 months in Geelong west.

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