JLL Retail Investments, in conjunction with Burgess Rawson, are privileged to present for sale the Bell Park Plaza, Geelong. An exceptional opportunity to acquire a freehold titled 4,242sqm* Neighbourhood Shopping Centre. The asset is anchored by ALDI, Cheap as Chips + 6 non-discretionary specialty tenants offering outstanding quality and convenience.
The property is situated within the booming City of Greater Geelong, Victoria's largest regional city and enjoys 130 metres* of prime exposure to the highly trafficked Anakie Road.
Key details of the opportunity include:
+ Anchored by a strong trading and latest-generation 1,591sqm* ALDI Supermarket
+ Expansive 11,350sqm* landholding
+ 100% Convenience Based leased entirely to daily-needs retailing including a Supermarket,
Pharmacy, Medical Centre, and Cellarbrations
+ Low Gross specialty Rents of $348/sqm 54% below Urbis Benchmarks
+ Guaranteed income growth with all tenants having CPI or fixed annual rental increases
+ Minimal Specialty Shops providing limited management requirements
+ Situated in the Booming City of Greater Geelong, forecast to grow by 47% by 2046
+ Modern centre, undergoing major re-development completed in 2017
+ Potential 50% stamp duty savings
*Approx.
Bell Park Plaza is being offered For Sale by an Expressions of Interest campaign closing Thursday 3rd April 2025 at 3pm (AEDT)
To obtain further information or to arrange an inspection, please contact the selling agents.
JLL Agents:
Stuart Taylor | 0428 000 000
Tom Noonan | 0402 319 698
MingXuan Li | 0498 688 998
Burgess Rawson Agents:
Raoul Holderhead | 0413 860 304
Shaun Venables | 0411 860 865
Zomart He | 0488 220 830