UNLOCK the potential of Forrest’s former post office and telephone exchange for a fraction of Geelong’s median house price.
Smyth, Apollo Bay agent Noel Tanis is quoting $150,000-plus for the rundown house that would be an ideal site for a holiday getaway or permanent base.
MORE REAL ESTATE NEWS:
Stylish flip adds almost $250K in value in less than a year
Mr Tanis said there was potential to renovate the building that was once part of a thriving town centre or demolish and start again.
“There is good interest coming from Geelong and a little bit from Melbourne,” he said.
“It’s in a good spot, it’s got a nice outlook and a lot of potential.
“People are looking at it as a holiday retreat.”
He said 15 years ago you “couldn’t give a place away” in Forrest but the town had grown in popularity since reinventing itself as a mountain bike destination.
The vacant block is expected to fetch $120,000-plus.