THE ink is dry on a $250,000-a-year-deal for the new home of Basketball Geelong.

The 5000sq m, two-warehouse amenity at 20 Crows Rd, Belmont, will be converted to a basketball centre when the association moves in.

Darcy Jarman, Geelong West, agent Tim Darcy said that the lease will run for 10 years initially.

“It’s going to be converted into a basketball centre,” he said.

“The property is 20 Crows Rd, Belmont. They’ve taken a 10 year lease on the property where we understand they’ll do a full conversion.”

The warehouses were formerly timber stores.

The twin warehouses were let for what the
Geelong Advertiser understands to be $250,000 a year.

“It’s an old timber warehouse, it’s part of the old Belmont timber set up, there was a Home Hardware there,” Mr Darcy said.

“The total warehouse size is more than 5000sq m with the two warehouses combined, with about 230sq m of office space.”

Despite the large size of the warehouse, the league will still need to use external courts, however believes the new venue will cut down from running between six to seven venues, down to two or three, according to Basketball Geelong CEO Dean Anglin.

“From our point of view, we’re trying to consolidate what we do a little bit. The six courts at Crows Rd won’t be big enough for us on their own — we’ll still need external fac­ilities — but instead of using six or seven venues on a weeknight, we can break that down to two or three,” he said.