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.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.