Shops 1-3, 53-55 Belmore Road, Randwick 3 Retail Condos in Randwick

Positioned in the vibrant retail hub of Randwick, Shops 1–3 at 53-55 Belmore Road present a premium freehold investment opportunity offered through an Expressions of Interest campaign. Located just steps from Royal Randwick Shopping Village and adjacent to major retail and lifestyle amenities, this property offers exceptional exposure and long-term income security.
The sale comprises two adjoining freehold lots sold in one line, including three retail tenancies, 17 on-site car spaces, a loading dock, and substantial basement storage areas offered with vacant possession. Shops 1 and 2 are leased to an established Priceline Pharmacy operator, providing a stable anchor, while Shop 3 is leased to Pack and Send. Combined gross annual income, inclusive of licensed car parking and factoring in potential lease-up of five currently available bays, is approximately $515,600 + GST, strengthening its investment profile.
Benefiting from its prime location within the Randwick shopping precinct and near key retail draws such as Royal Randwick and Randwick Plaza Shopping Centres, the property is supported by strong pedestrian and vehicular traffic. With secure tenancies, immediate access to transport, and limited competing stock, this is a rare opportunity to secure a high-exposure retail asset with future upside potential.