• Bustling community hub and exceptional convenience destination with Kmart trading 24/7, Coles opening at 6am through to midnight daily, complemented by a diverse food and specialty retailer offer
• Excellent income security anchored by Coles and Kmart representing 83% of GLA
• Outstanding major tenant performance with Coles and Kmart performing above the respective Urbis ‘Single DDS’ benchmarks
• Strong specialty productivity of $11,333/sqm, 32% above the Urbis ‘Single DDS’ benchmark
• Exceptional exposure to a high level of passing traffic, located just 100m from the Princes Highway, a major arterial road connecting the Geelong CBD to Colac to the west, and Torquay via the Surf Coast Highway to the south
• Ideally positioned within the Geelong region, the largest regional city in VIC, boasting a diverse and strong economy and a population approaching 200,000 persons. Geelong has benefitted from population growth, number of employed persons and strong house price growth*
• Significant TTA resident population of 114,840 persons, including 108,070 (94%) in the MTA with robust TTA forecast population growth of 1.9% p.a., expected to reach 138,550 persons by 2027, above the non-metro VIC benchmark of 0.9% p.a.*
• Major TTA retail expenditure pool of $1.7bn with forecast growth of 3.9% p.a. to reach $2.4bn by 2027, including $350m in the PTA*
Belmont Village forms part of the Major Australian Shopping Centre Portfolio, comprising 14 high-quality, sub-regional and neighbourhood shopping centre investments
For sale in one line or individually by EOI closing Thursday 23 August at 12 noon (AEST)
All figures above are approximate only
*Urbis, June 2018
