TWO prominent properties around the corner from each other in high exposure positions are providing buyers with residential and commercial opportunities.
There is potential to convert Castle Brae at 6 Aberdeen St, Geelong West back to its former glory as a privately run hotel.
A buyer could also put their spin on reinventing the wheel as a commercial premises.
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The property is on a corner block and has 12 bedrooms and several living areas.
There is ample opportunity for someone to create something that will thrive.
Barry Plant, Geelong agent Sonya Kurul is taking the property to auction on February 9 at 11.30am with price hopes of $940,000 to $1.02 million.
Meanwhile another property around the corner at 228 Latrobe Terrace, Geelong West is also going to auction on February 9 at 11am.
It is a dual-use residential/commercial property, also in a prominent position.
Upstairs is a family home with three bedrooms, two separate living areas and a covered outdoor entertainment area.
Downstairs there is a commercial space with three offices, meeting room, reception, kitchenette, IT hub, utility room and toilets.
There is flexibility to lease both spaces or occupy one of the spaces and lease the other out.
The 655sq m property also has four parking bays and a single car garage at the rear and two more parking bays at the front of the property.
Gartland Property, Geelong agent Seka Powell is selling the property with price hopes of $1.5 million.
No. 248 Latrobe Terrace, Geelong West is also for sale for $2 million to $2.2 million.