Ormond Village 136-146 Ormond Road,
East Geelong, VIC 3219

CBRE, with Advise Transact acting as Transaction Manager, is offering for sale Ormond Village - 136-146 Ormond Road, Thomson (East Geelong).

Flexible settlement terms up to 12 months with a 10% deposit are available.

The property is positioned in what is simply one of Victoria's highest growth catchments, benefitting from immediate proximity to valuable public transport, retail & healthcare amenities, in addition to major private and government developments nearby.

Key details of the opportunity include:

+ The 100% leased, freehold property comprises six ground floor retail tenancies and four residential dwellings, positioned on an imposing 2,256sqm* landholding

+ The Commercial 1 Zone site benefits from high exposure street frontages of 73 metres* to Ormond Road and The Walk, with over 24,000* vehicles passing daily

+ The property is fully leased and has benefited from a historically low vacancy rate, fuelled by consistent tenant demand across the retail and residential tenancies. The long-standing tenants provide stable income and strong alignment with local demand in this established East Geelong retail area

+ Ormond Village provides a rare level of strategic flexibility and enhanced exit potential due to being subdivided into 15 individual titles, providing the unique ability to sell off individual units and offers a powerful exit strategy

+ Net income of $310,323* per annum

+ Ormond Road (Bellarine Highway) represents one of The Bellarine Peninsula's most important thoroughfares that connects central Geelong to Queenscliff

+ Each retail tenancy and residential dwelling has been subdivided into separate certificates of title, allowing for a variety of exit strategies, or an opportunity to add-value via an enhanced leasing strategy

+ The flexible zoning and expansive landholding provides genuine development upside given the scale of the site and the multitude of end uses to be incorporated into a future project, such as medical, childcare, retail and residential outcomes (STCA)

+ Geelong is the second largest city in Victoria and one of the state's most rapidly expanding regions, with a 28%* increase in population expected between 2024 to 2034

+ Potential 50% stamp duty savings may be available

Please contact CBRE for more information and to organise an inspection of the property.

Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au

Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au

Alex Brierley
+61 447 974 4...
alex.brierley@cbre.com.au

CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)

*Denotes Approx.

Transaction Manager: Advise Transact