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CBRE, with Advise Transact acting as Transaction Manager, is offering for sale Ormond Village – 136-146 Ormond Road, Thomson (East Geelong).
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
+ 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
Ormond Village is for sale via expressions of interest closing Wednesday 24th September at 2:00pm (AEST).
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 048
Nathan Mufale
+61 421 224 354
Alex Brierley
+61 447 974 447
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
[email protected] (电子邮件)
jheng1206 (微信)
*Denotes Approx.
Transaction Manager: Advise Transact
Remember to mention you found this property on CommercialReady
CBRE, with Advise Transact acting as Transaction Manager, is offering for sale Ormond Village – 136-146 Ormond Road, Thomson (East Geelong).
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
+ 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
Ormond Village is for sale via expressions of interest closing Wednesday 24th September at 2:00pm (AEST).
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 048
Nathan Mufale
+61 421 224 354
Alex Brierley
+61 447 974 447
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 116 (手机)
[email protected] (电子邮件)
jheng1206 (微信)
*Denotes Approx.
Transaction Manager: Advise Transact
Remember to mention you found this property on CommercialReady
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