CBRE, in conjunction with Darcy Jarman, are pleased to offer to market 4/1-39 Roseneath Street, North Geelong VIC, a brand new showroom/warehouse leased to the world’s largest home furniture retailer, for sale via our Investment Portfolio Auction 189.

This opportunity has the following key investment highlights:

+ Brand new Three (3) year net lease to November 2029, plus One (1) further Three (3) year option to 2032.
+ Brand new 2026 build, offering maximum depreciation benefits of up to 34% of year 1 rent potentially tax free. (2)
+ IKEA: the world’s largest home furnishings retailer, known for affordable, flat-packed, Scandinavian-designed furniture and home accessories, and wholly owned subsidiary of Ingka Group, with $71.6b AUD in retail sales in FY25. (1)
+ Rare fixed 4% annual rent increases, ensuring continued income growth.
+ Investor preferred net lease terms with IKEA responsible for all usual outgoings, excluding land tax, as per the lease.
+ Recently refurbished and well-presented 472sqm* purpose-built warehouse, built in line with IKEA’s corporate fit-out and design.
+ Prime 399sqm* Industrial 1 Zone (IN1Z) landholding with exclusive access to 7 licensed car spaces.
+ Positioned in North Geelong’s established industrial and logistics precinct, home to GeelongPort and more than 13 million tonnes of cargo a year, with the port supporting over $10 billion in annual trade. (3)
+ North Geelong sits within Greater Geelong, Victoria’s second-largest city and one of its fastest-growing regions, known for its working port, manufacturing heritage and proximity to the Great Ocean Road and Bellarine Peninsula.
+ City of Greater Geelong: booming high-growth LGA, connecting Melbourne CBD to the Surf Coast, with population forecast to surge 44% to 441,984 people by 2046. (4)
+ Potential 50% stamp duty saving.
+ Net Income: $97,325 pa* + GST.

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 9 December 2026
River Room, Crown Casino, Melbourne

*Approx
(1) IKEA
(2) Charter Keck
(3) Regional Development Victoria
(4) .id