Descrição

JLL exclusively presents The Queen of the West for sale by Expressions of Interest – a trophy pub investment of exceptional quality and scale in the heart of Geelong's tightly held Pakington Street precinct, featuring a brand new 10-year NET lease.

Located at 126 Pakington Street, approximately 1km west of the Geelong CBD and 72km from Melbourne, the asset occupies an expansive corner landholding of 1,467sqm* with high-profile 150-metre* dual frontage to Pakington Street and O'Connell Street.

Pakington Street is Geelong's most established and tightly held retail and dining precinct, renowned for its vibrant village atmosphere and surrounded by key infrastructure including Woolworths Pakington Strand, Geelong West Town Hall and Library, and Deakin University's Waterfront Campus (5,000+ students).

Key Investment Highlights:

+ Brand new 10-year NET lease with fixed 3.5% annual compounding rent increases providing long-term income security through to 2051 (including options).

+ Recently refurbished venue of 1,686sqm*, featuring sports bar, popular bistro, dining room and function area, complemented by a newly constructed 463sqm* beer garden - the result of significant recent capital investment that enhances the venue's competitive position and revenue growth.

+ Dominant 1,467sqm* freehold corner landholding with 150-metres* of dual-street frontage and favourable Commercial 1 Zoning (C1Z).

+ Iconic location on Geelong's famous Pakington Street, a cultural and retail hub with minimal direct pub competition within a 1-2km* radius.

+ Desirable NET lease structure with tenant responsible for all usual outgoings, excluding land tax.

+ Located within Victoria's second-largest city, home to 306,000 residents, forecast to grow 44% to 441,984 by 2046.^

+ Surrounded by key amenities including Geelong Train Station, University Hospital Geelong, Westfield Geelong, Geelong Arts Centre and only steps away from the Woolworths anchored Pakington Strand.

+ Benefits from $16 billion in major infrastructure projects recently completed or underway, including Geelong Rail Upgrades ($1B), Epworth Geelong Healthcare Precinct ($600M), and Geelong Convention & Events Centre ($450M).

+ Potential 50% stamp duty savings on Victorian regional commercial property purchases.

+ Net income: $331,550 pa* + GST

The Queen of the West is for sale by Expressions of Interest closing Wednesday 21^st October 2026 at 4:00pm (AEDT).

To obtain further information, contact JLL below:

Romanor Falconer | +61 400 757 171

Will Connolly | +61 432 116 287

*Approximate

^Forecast.id

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