Stonebridge Property Group are pleased to present for sale the Geelong Quarter retail collection.
The portfolio of high-quality leased investments are being offered separately, boast brand new fit-outs and are 100% leased to a proven operator - Sweatshop.World.
Anchored by vendor favoured 10-year leases and complimented by 3% fixed rental increases, the properties are well suited to investors looking for strong returns and income growth.
The key highlights of each opportunity include:
Shop 4 & 5:
- Building Area: 396 sqm*
- Annual Income: $204,455 + GST + Outgoings*
- Retail Frontage: 20m+
- Offering: Wellness centre designed for group training sessions complete with changeroom facilities.
Shop 6:
- Building Area: 323 sqm*
- Annual Income: $133,076 + GST + Outgoings*
- Offering: Open gym with recovery facilities including Sauna, Ice Bath & Cryotherapy complemented by additional changeroom facilities
Location Summary
The properties span the ground floor of the Geelong Quarter development, an iconic project consisting of a 180 room Holiday Inn hotel and 124 apartments.
The Holiday Inn forms part of the InterContinental Hotel Group (the worlds largest operator of Hotel's & Resorts) who operate 6,000 venues globally.
Strategically located at the gateway to Geelong's eclectic Little Mallop Street entertainment precinct, directly opposite the newly developed ($140m) Arts Centre and 100m* from the Geelong Gallery that is earmarked for a $150m redevelopment.
Bookended between Geelong Train Station (350m*) & the iconic GMHBH Stadium (1km*) home to the Geelong Cats AFL team.
Greater Geelong boasts the fastest population growth in Victoria and second fastest in Australia, the largest regional economy in the state, and the fastest jobs growth of all regional cities.
Central Geelong's growth is supported by a state government driven 10-year economic development plan that intends to drive development and jobs.
The booming city has a $13.2bn pipeline of major projects recently completed or upcoming Notable community projects include the Spirit of Tasmania Terminal ($135m), Geelong CIVIC Centre ($200m) & Geelong Crown Plaza ($120m).
Income as at 21st March 2025.
The Geelong Quarter retail collection is offered for sale via Expressions of Interest closing Wednesday 5th March 2025 at 3pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Ian Lam
0416 621 859
*Approximately
Property Code: 1162