229 Moorabool Street 2,260 SF Office Building Geelong, VIC 3220 $697,418 ($308.53/SF)

229 Moorabool Street presents a rare opportunity to secure a versatile commercial property in the heart of Geelong’s CBD. Positioned within an evolving medical precinct, this two-level building offers approximately 210 square meters of functional space, including a welcoming reception area, waiting room, nine individual offices or consulting suites, a kitchen, amenities, and storage. The property is fully equipped with heating and cooling throughout, ensuring year-round comfort for staff and clients.
Rear lane access provides convenient entry to on-site car parking, a valuable feature for both staff and visitors in a busy city setting. Currently occupied under a periodic lease generating $37,987.53 per annum plus GST and outgoings, the property offers immediate income potential with flexibility for future owner-occupation or redevelopment. Zoned Activity Centre 1, the site supports a wide range of uses, making it attractive to medical practitioners, professional service providers, and investors seeking a value-add opportunity in a high-demand location.
With its proximity to Geelong’s key dining, retail, and entertainment precincts, as well as strong connectivity to surrounding amenities, this property combines functionality with long-term growth potential in one of Victoria’s fastest-growing regional cities.