555 & 555a Geelong Road, Brooklyn, Vic 3012

Jason Real Estate Commercial is pleased to offer 555 & 555A Geelong Road, Brooklyn for sale.

Positioned along the highly exposed Geelong Road corridor, the property comprises two separately leased retail premises on one title, together with an additional rear shed of approximately 70 sq.m which is not included in either tenancy and is currently retained for the owner's use.

The property provides investors with secure existing income and the opportunity to potentially increase the overall return by leasing the rear shed separately. The substantial landholding and relatively low site coverage may also provide future extension or redevelopment potential, subject to planning and council approval.

Key Features
- Land area: 650 sq.m approx.
- 555 Geelong Road: 138 sq.m approx.
- 555A Geelong Road: 60 sq.m approx.
- Rear shed: 70 sq.m approx.
- Total improvements: 268 sq.m approx.
- Two separately leased retail premises on one title
- Combined rental from 26 October 2026: $56,439.84 p.a. + GST and outgoings
- Rear shed excluded from the current leases
- Potential additional rental income from the rear shed
- Four on-site car spaces
- Side-gate access to the rear
- Kitchen and toilet amenities
- Split-system air conditioning
- Security systems
- Commercial 1 Zone
- Strong exposure to Geelong Road

Lease Details
555 Geelong Road
- Lease expiry: 27 March 2028
- Options: 1 further term of 5 years
- Current rent: $38,616.72 p.a. + GST

555A Geelong Road
- Lease expiry: 25 October 2028
- No further options
- Rent from 26 October 2026: $17,823.12 p.a. + GST

Conveniently located with access to Millers Road, Grieve Parade, West Gate Freeway, Princes Highway and the M80 Western Ring Road, the property is also well positioned in relation to Altona Gate Shopping Centre, established industrial precincts, the Port of Melbourne and Melbourne CBD.

A versatile investment offering secure income, additional rental upside and longer-term development potential in Melbourne's western corridor.