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 with a dedicated traffic light system for the centre
+ 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.
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