SOLD
Sold on 24 Dec 2023 for $1,210,000

151 Mercer Street
Geelong VIC 3220

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 189m2
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Sold By
Mcgrath Geelong | Newtown
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Property Details for 151 Mercer St, Geelong

Building Type
Commercial
Land Size
189m2
Local Government
Greater Geelong
Lot/Plan
3/PS834010

Last Listing description (September 2024)

Discover the rich history of Geelong with 151 Mercer Street, an extraordinary two-storey brick commercial building, constructed in 1921 as a prominent motor garage, this property is a rare find in such a central location and exudes old world heritage charm.

Highlighted by exposed timber beams, the space oozes character and rustic allure, adding to the building's historical significance. Imagine the possibilities for restoration or adaptive reuse, with these unique features as focal points.

Offering two separate levels of approximately 189m2 each plus basement.

Ideal for creative entrepreneurs, the property's spacious layout and historic appeal present an opportunity for a wine bar, caf, or office space providing a truly unique experience for visitors (STCA).

Located conveniently in Geelong CBD, near the waterfront and train station, the property benefits from high visibility and foot traffic, making it perfect for commercial ventures.

- For Sale by Expressions of Interest closing 6th September 2023 at 3pm
- For long Term Lease by Expression of Interest closing 6th September 2023 at 3pm
- Title 189m2 approx. of prime CBD land
- Zoning: Activity Centre Zone Schedule 1 (ACZ1)
- Ground and first floor totaling 378m2 approx.
- Large basement 189m2 approx. with storage room & amenities
- Positioned with fantastic exposure
- Gorgeous heritage appeal
- Exposed brick and timber beams ideal for restoration
- Walk to The Geelong Waterfront, train station and CBD
- Close to cafes, restaurants and all amenities.
- Contact Jim Cross for detailed information

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Property History for 151 Mercer St, Geelong, VIC 3220

A timeline of how this property has performed in the market
Last Sold
$1,210,000
24 Dec 2023
  • 08 Jan 2024
    Listed for Sale Not Disclosed
  • 24 Dec 2023
    Sold for $1,210,000
  • 31 Jul 2023
    Listed for Sale Contact Agent

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About Geelong 3220

The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2011 was 4,700 people. By 2016 the population was 5,220 showing a population growth of 11.1% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation. In 2011, 55.3% of the homes in Geelong were owner-occupied compared with 54% in 2016.

Geelong has 6,105 properties. Over the last 5 years, Houses in Geelong have seen a 23.71% increase in median value, while Units have seen a 5.89% increase. As at 30 September 2024:

  • The median value for Houses in Geelong is $820,803 while the median value for Units is $591,191.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 12 properties listed for sale, and 14 properties listed for rent in Geelong on OnTheHouse. According to CoreLogic's data, 157 properties were sold in the past 12 months in Geelong.

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