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2-20 Labuan Square 1,593 SF Office/Retail Condo Unit in Norlane, VIC 3214
Investment Highlights
- The property includes approved plans for a two-story extension above the existing structure.
- The site has a frontage of approximately 6.09 meters, providing visibility within the retail precinct.
- It features a rectangular floor plan divided into three internal sections with multiple access points.
Executive Summary
The property is a commercial building located within the Labuan Square retail precinct in Norlane, Victoria. The property is zoned Commercial 1 Zone (C1Z). The surrounding area includes neighborhood retail services, public transport access, and proximity to major shopping centers and arterial roads.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
The property is held on an individual title within the Labuan Square neighborhood retail precinct. It is not part of a larger strata complex and does not share common property with other units. The title provides full ownership of the building and associated land, allowing for independent management and control of the premises.
Sale Notes
This retail and commercial property offers a flexible layout and approved plans for future development, making it suitable for a range of business or investment purposes. The ground floor is divided into three functional sections and includes multiple access points, providing operational versatility. The property benefits from strong street frontage and visibility within an established neighborhood shopping strip.
An approved two-story addition presents an opportunity for expansion or additional income generation. The location provides convenient access to major transport routes, including Princes Highway and Geelong Ring Road, and is within close proximity to Corio Village Shopping Centre and Bell Post Hill retail precinct. The Geelong CBD and waterfront are approximately 10 minutes away, enhancing the property’s connectivity to the broader region.
An approved two-story addition presents an opportunity for expansion or additional income generation. The location provides convenient access to major transport routes, including Princes Highway and Geelong Ring Road, and is within close proximity to Corio Village Shopping Centre and Bell Post Hill retail precinct. The Geelong CBD and waterfront are approximately 10 minutes away, enhancing the property’s connectivity to the broader region.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 1,593 SF | Office/Retail | Upon Request | - |
Unit 2
| Unit Size |
| 1,593 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 2
| Unit Size | 1,593 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| The property is held on an individual title within the Labuan Square neighborhood retail precinct. It is not part of a larger strata complex and does not share common property with other units. The title provides full ownership of the building and associated land, allowing for independent management and control of the premises.</li></ul> | |
| Sale Notes | |
| This retail and commercial property offers a flexible layout and approved plans for future development, making it suitable for a range of business or investment purposes. The ground floor is divided into three functional sections and includes multiple access points, providing operational versatility. The property benefits from strong street frontage and visibility within an established neighborhood shopping strip.<br> <br> An approved two-story addition presents an opportunity for expansion or additional income generation. The location provides convenient access to major transport routes, including Princes Highway and Geelong Ring Road, and is within close proximity to Corio Village Shopping Centre and Bell Post Hill retail precinct. The Geelong CBD and waterfront are approximately 10 minutes away, enhancing the property’s connectivity to the broader region.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 16,146 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 16,146 SF |
| Building Class | C | Lot Size | 0.52 AC |
| Total Building Size | 16,146 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 16,146 SF |
| Lot Size | 0.52 AC |
Amenities
- 24 Hour Access
- Signage
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2-20 Labuan Square
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