9 Geelong Rd 2,153 SF 100% Leased Retail Building Portarlington, VIC 3223 $1,230,290 ($571.49/SF) 3.65% Cap Rate

This high-profile commercial freehold at the gateway to Portarlington offers a rare dual-income opportunity in one of the Bellarine Peninsula’s most tightly held locations. Currently operating as a launderette, the property is being sold walk-in/walk-out with an existing fit-out, allowing for immediate use or redevelopment to suit your vision.
The ground floor features a prime retail shopfront with double window frontage, tiled finishes, and a utility room, complemented by front customer parking and rear lane access with off-street parking. Above, a self-contained two-bedroom apartment includes a kitchen, bathroom, and lounge with elevated views across Port Phillip Bay, providing additional income potential or owner-occupier flexibility.
Positioned near the beach and the popular Portarlington Caravan Park, the property benefits from strong exposure to both vehicle and pedestrian traffic. With excellent security, video surveillance, and proximity to key amenities, this asset offers versatility for investors or owner-operators seeking a foothold in a thriving coastal market.