Strategically positioned on prestigious Moorabool Street at the waterfront end of Geelong’s CBD, 40–42 Moorabool Street offers an exceptional opportunity for investors, owner-occupiers, and developers alike.

Set on a substantial 571m²* landholding, the property is improved by a versatile two-level brick building totalling approximately 1,145m²*, currently configured for hospitality, entertainment, and commercial use.

The asset is securely leased to an established nightclub operator, delivering a strong and reliable income stream, while its favourable Activity Centre Zone (ACZ) zoning provides outstanding long-term flexibility and development potential. With prominent CBD frontage and exceptional exposure to both pedestrian and vehicle traffic, the property occupies one of Geelong’s most tightly held commercial precincts.

Surrounded by Geelong’s premier retail, dining, and lifestyle amenities – including Westfield Geelong, the waterfront precinct, and Deakin University – the property benefits from unrivalled connectivity and enduring demand.

Further enhancing the appeal is the potential for future office, residential, hospitality, or mixed-use development (STCA), supported by the current zoning and Central Geelong Framework Plan, which allows for building heights of approximately 28 metres or up to 8 levels.

This is a rare opportunity to secure a high-profile Geelong CBD freehold combining immediate holding income with substantial future upside.

Secure Long-Term Income Stream
Significant Future Development Potential
Prime Geelong CBD Freehold Opportunity

Lease Details
Lease Term: 5 years + 2 x 5-year options
Annual Net Rental: $250,000 + GST & Outgoings
Rent Reviews: Fixed annual increases of 4%