Retail/28 Lockwood Avenue, Belrose, NSW, 2085

Retail areas available from 236sqm – 601sqm.

A rare chance to secure high-performing, brand-new retail investments in one of the Northern Beaches' most desirable and fast-evolving suburbs. This outstanding opportunity combines long-term lease's, premium-grade construction and an unbeatable location adjacent to Glenrose Village Shopping Centre. Belrose is experiencing ongoing demographic and infrastructure growth, making it a solid choice for long-term capital and income security.

* 3 x separate shops – Shops 6a, 10+10a, 12+13

* Areas from: 236sqm to 601sqm

* Street and plaza frontage opportunities

* Part of a newly constructed, boutique shop top development

* Disabled access to each tenancy, ensuring compliance and accessibility

* Central open-air atrium with landscaped surrounds and alfresco seating

* Multiple lift access points providing ease of movement for all users

* End-of-trip facilities, including bicycle storage and shared disabled amenities in the building

* Approx. 3 – 3.2m ceiling height, allowing for flexible internal layouts

* Zoning: E1 Local Centre – supports a wide variety of retail and commercial uses

* Loads of underground parking or nearby carparks

* Completion anticipated by December 2025

Shop 6A – 236sqm + 2 car spaces

Price: $2,090,000

Net Return: 5.5%

Lease details

* Tenant: Kushi Japanese Fusion (Restaurant)

* Term: 10 years

* Reviews: 3.5% annually

* Rent: $145,000 + GST Net

* Outgoings: $22,302 approx per annum

* Rent Abatements in Lease: Year 1 at $115,000 + GST Net

Tenant Info: Kushi is a small, casual dining room with big vibes – and a menu of traditional yakitori-style dishes, cooked over a charcoal grill and now branching into Belrose's newest development The Belrose Collection and has been trading in Manly for a number of years.

Shops 10 & 10A – 573sqm + 12 car spaces

Price: $5,180,000

Net Return: 7%

Lease details

* Tenant: LVS – Living Vitality Spa (Wellness Centre)

* Term: 10 years

* Reviews: 4 % annually

* Rent: $362,500 + GST Net

* Outgoings: $67,578 approx per annum

Tenant Info: At LVS, they have redefined the meaning of holistic wellbeing. Their centre is the first of its kind in Australia-bringing together the most advanced treatments, therapies, and technologies under one roof to support your mind, body, and longevity.

Shops 12 & 13 – 601sqm + 20 car spaces

Price: $2,950,000

Net Return: 6.07%

Lease details

* Tenant: Snap Fitness (Gym)

* Term: 5 + 5

* Reviews: 3% annually

* Rent: $250,000 + GST Gross (Reflects $179,082 + GST Net)

* Outgoings: $70,918 approx per annum

Tenant Info: Snap Fitness is a global 24/7 gym franchise focused on providing an affordable, inclusive, and supportive fitness experience with a range of cardio, strength, and functional equipment. Members get 24/7 access, flexible monthly memberships, and can use the Snap App for goal tracking and personalized programs. With more than 260 snap fitness locations they have further branched out to Belrose with their closest other location being St Ives.

Belrose has very leafy surrounds and a lovely community feel and this development is perfectly situated close to all local amenities. Moments away from schools, Lionel Watts reserve & Frenchs Forest showground, Glenrose Shopping Village, bus stops and main roads, the building is very well placed in terms of connectivity, convenience and accessibility.

Contact Vincent West 0403 444 000, Oliver Rosati on 0428 877 888 or Jackson Bekis on 0419 011 211 today for your inspection.

**All prices are per annum and quoted areas/measurements are approximations only**

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