Colliers Ned Tansey and Chris Nanni are bringing to market a dual-tenanted investment opportunity on the outskirts of Geelong. 

The asset, which comprises a 2,080 sqm showroom, located at 114-116 Bellarine Highway in  Newcomb, is strategically surrounded by major brands, including KFC, McDonalds, 7-Eleven,  Woolworths, and ALDI. Located only 4.7 km from the Geelong CBD, the property is expected to  attract interest in excess of $4.5 million.  

Sitting on approximately 7,461 sqm of land, the property presents a secure dual-tenanted  investment opportunity, returning a combined $263,618 per annum net to 2028 with further options  and annual rental increases. Towards the rear, approximately 1,400 sqm of vacant land forms part  of the lease held by Amazing Mill Markets, providing additional future development (STCA).  

Ned Tansey, Colliers Sales & Leasing Executive, said, “This rare dual-income investment offers an  exceptional opportunity to acquire a secure commercial investment located on the Bellarine  Highway, a key arterial route on the fringe of the Geelong CBD.  

“The asset presents an exceptional opportunity for investors seeking a secure, fully leased asset with  future long-term development and rental upside, being able to benefit from the favourable  commercial 2 zoning and visibility to over 29,000 cars passing daily, ” said Mr Tansey. 

The property is anchored by the highly popular Amazing Mill Markets and complemented by  Geelong’s own Bean Squeeze drive-through coffee, assuring investors of well-established,  successful, and dependable tenants. 

Bean Squeeze is a drive-thru coffee shop with 16 stores across the Geelong Region and has  occupied this site since 2008. The Amazing Mill Markets has multiple locations offering an array of  vintage furniture, clothing, and antiques and has leased this property since 2012. 

Colliers Sales & Leasing Executive Chris Nanni said, “We have seen strong demand for tenanted  investment opportunities in quality locations around the Geelong Region over the last 12 months.  There has been extra demand for investments with long-term value-added potential.” 

“The property is located within a great catchment area with a mix of residential and commercial  property, schools, major shopping centres, and industrial precincts that further add to the value of  this particular site,” added Mr Nanni.  

114-116 Bellarine Highway, Newcomb, is being offered for sale by Expressions of Interest, closing  Wednesday 19th March at 2pm (AEDT).