1004/18 Malone Street, Geelong VIC 3220

Top-floor Mercer unit | Harbour-side positioning | Premium views likely | Strong rental demand in precinct This property represents a rare opportunity to secure a top-floor position within Geelong’s premier harbourside complex. The 10th-floor elevation commands superior views and natural light, which consistently attract a premium over lower-floor comparables. For a buyer seeking a lock-and-leave lifestyle with strong capital growth potential, the Mercer building’s reputation and the unit’s elevated aspect provide a competitive edge in a market where such configurations are limited. The recent sale of a lower-floor unit at $615,000 suggests the top-floor variant could justify a significant uplift, making this suitable for an owner-occupier prioritising lifestyle or an investor targeting high-yield tenants. The primary risk lies in the valuation variance, where estimates range from $580,000 to $850,000, indicating possible unit-specific factors like view quality or internal condition. A buyer should verify the exact floor plan and aspect to ensure the premium is justified. The opportunity here is the potential to acquire a top-floor unit below peak market sentiment, given the 2021 sale of a similar unit at $860,000. Cross-referencing strata fees and body corporate rules is advised, as luxury complexes often carry higher ongoing costs that may affect yield for investors.