PAKINGTON STRAND SHOPPING CENTRE, Pakington Street 95,
Geelong West, VIC 3218

Shops & Retail

Key property information

Land area

Floor area

Tenure type

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STRONG TRADING WOOLWORTHS ANCHORED NEIGHBOURHOOD SHOPPING CENTRE

A dominant neighbourhood shopping centre of 6,076sqm* GLA, located within the heart of Geelong West's prime retail strip

Prominently positioned on a 2.098ha site, the shopping centre is anchored by a full line Woolworths Supermarket and complemented by 14 speciality retailers

Convenient at grade car parking for 307 vehicles* (5.7 cars/100sqm***)

Opportunity for income enhancement through outgoings efficiencies, positive rental reversions and imminent percentage rental

Servicing a vast catchment area of 37,110 people, being the only full line supermarket within the catchment**

Servicing the most affluent demographic within the greater Geelong area, with a spending capacity 8% higher than the Victorian average**

Fully leased net income of $1,889,000 pa*

CAMPAIGN CLOSED

Justin Dowers
+61 438 098 805

Mark Wizel
+61 409 809 868

Kevin Tong
+61 422 848 818

*Approx
**Macroplan dimasi
***Excluding ropeworks building

Geelong West, 3218 demographic data

The median household income for Geelong West is $1,797, 30% higher than Regional Victoria's household income of $1,386. Geelong West has a younger age profile compared to the rest of Regional Victoria (median age 36 vs 43). Property ownership data shows 51% of property owners in Geelong West have a mortgage.

7,345

Population

$1,797 per week

Median household income

36 years

Median age

Owners

Most residents

Families

Most households