Woolworths Portarlington

JLL Retail Investments has the exclusive privilege of offering for sale Woolworths Portarlington, an exceptional opportunity to acquire a strong performing, freestanding Woolworths Supermarket with a rare NET lease structure and fixed rental growth.

The property is strategically located in a thriving coastal region of Victoria's Bellarine Peninsula. The asset comprises a substantial 1,914 sqm* landholding, positioned just 240m from the Portarlington waterfront.

The opportunity benefits from favourable Commercial 1 Zoning (C1Z), offering significant long term mixed-use development potential.

Key details of the opportunity include:

+ 100% leased to Australia’s largest supermarket – Woolworths Group, providing unrivalled income security

+ Highly attractive price point as the first Woolworths or Coles freestanding Supermarket to be offered to market since 2018 that is ~$10m

+ Fixed rental growth and future percentage rent with rare fixed 5-yearly rental growth, and forecast to pay additional percentage rent in the coming years

+ Long-term mixed-use potential, with favourable Commercial 1 Zoning (C1Z), situated within Portarlington’s core commercial precinct, 240m from the waterfront

+ Extremely rare NET lease with Woolworths paying all outgoings including land tax

+ Portarlington: popular commuter-coastal destination with an established year-round population, experiencing a remarkable 36% visitation in 2024.

+ Key drivers for supporting economic and population growth are the Portarlington to Docklands Ferry, providing direct connectivity to Melbourne CBD in just 70 minutes and new residential investment such as the Panorama Housing Estate – a 350-lot community.

+ Part of The City of Greater Geelong: the largest regional economy in Victoria, underpinning 125,047 jobs and forecast to surge 47% in population to 441,000 by 2046.

+ Potential for 50% stamp duty savings

Woolworths Portarlington is being offered for sale by Expressions of Interest closing on Thursday 2nd October 2025 at 3:00pm (AEST)

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

Stuart Taylor | 0428 000 000

Tom Noonan | 0402 319 698

Romanor Falconer | 0400 757 171

Dominic McGrath | 0416 440 525

ASIA MARKET ENQUIIES:

MingXuan Li 李名轩 | 0498 688 998