218-222 Anakie Road, Bell Park VIC, 3220, AU

Bell Park Plaza

Asset description

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 4,263sqm* 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.