Vincent West

Belrose

10 & 10a/28 Lockwood Avenue

Sale $5,180,000
573 sqms

Key details

Property Type Retail

Highlights

Brand New Retail – 10 Year Lease – Wellness Centre (7% Net Yield)

A rare chance to secure high-performing, brand-new retail investment 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.
A rare chance to secure high-performing, brand-new retail investment 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.

* Internal Area: 573sqm
* 12 car spaces included
* 10 year lease to a Wellness Centre
* 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
* Zoning: E1 Local Centre
* Completion anticipated by December 2025

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

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**

Contact the agent

Vincent West

Commercial Licensee/Director in Charge

0403 444 000

Oliver Rosati

Licensed Commercial Sales & Leasing Agent

0428 877 888

Would you like us to contact you
in relation to this property?

Be the first to know about new
properties that will interest you
before they hit the market

BECOME AN UPSTATE INSIDER

Property & real estate news

Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
the most favourable sale price (we also know the best local surf breaks, if you’re interested).

Upstate Investors Night 2025: An Evening of Insight, Connection and Growth

22 October 2025

Read more

First Time in the Market? Here’s How to Navigate the Spring Real Estate Rush

16 September 2025

Read more

Celebrating Excellence: Upstate’s EOFY Dinner 2025

20 August 2025

Read more

Why Now Is the Time to Act in a Reducing Rate Environment

12 August 2025

Read more