This article is from the Australian Property Journal archive
THE retail property component within the Promenade Tower at Geelong has been sold by Darcy Jarman in conjunction with Gross Waddell.
The property was sold for an undisclosed price.
Located at 120 Brougham St Geelong West, the property is opposite the Royal Geelong Yacht Club and eastern beach.
The property has a current permit for a café and restaurant, and comprises both ground and first floor street front sections and sits under nine level residential apartment building.
The sale included one secured stacker car park and one disabled car park all undercover on the ground floor level.
The building area comprises some 198 sqm over both ground and first floors with an additional 232 sqm of balcony/terrace on the first floor.
The property is included within a “Residential 2” zone under the Greater Geelong Planning Scheme and was sold with vacant possession.
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