38 Ryrie Street Geelong VIC 3220

Stonebridge Property Group are pleased to present for sale the Geelong Quarter retail collection.

The high-quality investment boasts a brand new fit-out and is 100% leased to a proven operator - Sweatshop.World.

Anchored by vendor favoured 10-year leases and complimented by 3% fixed rental increases, the property is well suited to investors looking for strong returns and income growth.

Asset Highlights Include:

- 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

Location Highlights Include:

- 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).

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

Nic Hage
0448 782 594

Rorey James
0439 400 081

Ian Lam
0416 621 859

*Approximately

Property Code: 1162