 Asset Class: | Retail |
 Price: | $ 4180050 |
 Net Yield: | 6.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p>Positioned in the heart of Belmont's thriving commercial and retail precinct, 57-61 Thomson Street represents a premium investment opportunity in one of Victoria's fastest-growing regions. This well-maintained 785sqm retail shopping strip delivers a strong net yield of 6% with immediate upside potential through upcoming CPI increases across all tenancies.</p> <p>The property features 11 fully tenanted spaces generating approximately $250,803 per annum plus GST, with tenants responsible for all outgoings excluding land tax. The diverse tenant mix includes medical services, retail operations, and professional offices, providing excellent diversification and reducing vacancy risk.</p> <p>Strategically located directly across from Coles Supermarket, the property benefits from substantial foot traffic and exposure to Geelong's booming population, which is projected to grow by nearly 50% to approximately 485,000 by 2051. This growth trajectory supports strong capital appreciation potential in addition to the reliable income stream.</p> <p>Recently refurbished with new roofing, the building is well-maintained and requires no additional maintenance work. The property includes substantial car parking, further enhancing its appeal to tenants and their customers. With Coles reportedly planning a significant development in the immediate vicinity, surrounding property values and tenant demand are expected to strengthen considerably.</p> <p>With Geelong's commercial assets typically trading below 6% yield, this offering at a 6% net yield represents exceptional value in a market experiencing strong capital growth. Potential stamp duty savings of 50% amount to approximately $125,000, adding further value to this compelling investment opportunity.</p>
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<p>Geelong is Victoria's second-largest city, located approximately 75km from Melbourne's CBD. Once a traditional manufacturing center, Geelong has transformed into a <strong>thriving and vibrant regional hub</strong>, recognized as one of Australia's fastest-growing regions.</p> <p>The city boasts a <strong>diverse and robust economy</strong> with particular strengths in advanced manufacturing, aerospace, defense, biotechnology, and education. Deakin University and the Gordon Institute of TAFE provide a steady influx of educated professionals to the region.</p> <p>Geelong's proximity to Melbourne makes it an <strong>attractive alternative for businesses and residents</strong> seeking relief from the capital's high costs and congestion. In 2017, Geelong was designated as a UNESCO City of Design, highlighting its commitment to creativity and innovation.</p> <p>The surrounding region offers exceptional lifestyle amenities, with the Great Ocean Road, Bellarine Peninsula, and Geelong Waterfront attracting both domestic and international visitors. With continued infrastructure investment and strategic development, Geelong is exceptionally well-positioned for sustained growth.</p>
Additional Location Information File<p>The property features <strong>11 fully-leased tenancies</strong> with a diverse mix of businesses that provides excellent diversification and stability:</p> <ul> <li>Child Minded Psychology (120m²)</li> <li>Monolithic Dental Laboratory (85m²)</li> <li>Barry Plant Real Estate (145m²)</li> <li>Barwon Sports Physiotherapist (91m²)</li> <li>Salon Ge Jay Hair & Beauty (61m²)</li> <li>Hiddleston Real Estate (80m²)</li> <li>Sensory Kingdom Retail (160m²)</li> <li>Gluten Free 4U (63m²)</li> </ul> <p>Tenant experience ranges from newer businesses established approximately 2 years ago to well-established operations with up to 25 years in business, creating an ideal balance of stability and fresh commercial energy. All leases include <strong>attractive CPI increases</strong>, ensuring income growth over time.</p> <p>The tenant mix is strategically balanced between <strong>medical services, retail operations, and professional offices</strong>, providing resilience against market fluctuations in any single sector. Most tenants have recently undertaken refurbishments, demonstrating their commitment to the location.</p>
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<p>This retail property delivers a <strong>secure annual income of $250,803 plus GST</strong> (excluding property management fees), representing a <strong>strong 6% net yield</strong> on the purchase price of $4,180,050. The financial structure includes potential for immediate upside, with upcoming CPI increases projected to lift the net yield to approximately 6.2%.</p> <p>All tenancies feature <strong>investor-preferred net lease terms</strong> where tenants are responsible for outgoings, excluding land tax of $5,043 annually. The property offers an attractive blended rate of $317.82 per square meter across its 785sqm total area.</p> <p>Comparable properties in the area are commanding significantly higher rates:</p> <ul> <li>3/164 High Street Belmont - $571/m²</li> <li>145 High Street, Belmont - $617/m²</li> <li>1-3/186 High Street, Belmont - $309/m²</li> <li>170 High Street, Belmont - $342/m² (currently for lease)</li> </ul> <p>The purchase opportunity includes a <strong>potential stamp duty saving of approximately $125,000</strong>, representing a 50% reduction on standard rates.</p>
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<ul><li>Prime location in Belmont's bustling commercial center with exposure to high foot traffic</li><li>Fully tenanted retail strip with diverse tenant mix reducing vacancy risk</li><li>Strong 6% net yield with potential to increase to 6.2% through upcoming CPI adjustments</li><li>Recently completed roof replacement with no additional maintenance required</li><li>Adjacent to major Coles Supermarket with potential development upside</li><li>Situated in Australia's 3rd fastest growing city with projected population increase of 50% by 2051</li><li>Impressive 785sqm building with convenient access to substantial on-site parking</li><li>Investor-friendly net lease terms with tenants responsible for outgoings</li><li>Attractive CPI increases built into all lease agreements</li><li>Potential stamp duty savings of approximately $125,000</li><li>Excellent diversification with 11 separate tenancies including medical, retail and professional services</li><li>Well below market average rental rates compared to surrounding properties</li></ul>
