Stonebridge Property Group and CRS Commercial are pleased to present 'The Reject Shop Ocean Grove' for sale via National Portfolio Auction on Wednesday 21st May 2025 at 10am (AEST).
The key highlights of the opportunity include:
- Brand new 6.25 year net lease plus one further 5 year option to 2036 with 3% fixed annual increases
- The Reject Shop an ASX-listed retailer operating since 1981, with 390+ locations nationally
- 652 sqm* freestanding building completed in 2025 offering generous open floor retail spaces and major depreciation benefits
- Strategically located adjacent Kingston Village Shopping Centre home to Woolworths, Aldi, Dan Murphy's and McDonald's
- City of Greater Geelong Victoria's fastest growing regional city with forecasted 47.46% population growth by 2046
- Net Lease - Tenant pays all usual outgoings including Rates, Insurance and Land Tax
- Net Income $187,000 pa* + GST
'The Reject Shop Ocean Grove' is offered for sale via National Portfolio Auction on Wednesday 21st May 2025 at 10am (AEST).
To obtain further information, or arrange an inspection please contact the exclusive selling agents, Stonebridge Property Group and CRS Commercial.
Stonebridge Property Group:
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Max Sinclair
0458 269 293
CRS Commercial:
Myles Snow
0418 314 109
Lou Montalti
0488 553 455
Property Code: 1268