Rare Entry Level Investment – Prime Geelong Waterfront Novotel Precinct

10/6-8 Eastern Beach Road, Geelong VIC

Property Highlights

Tenant pays all outgoings inc Land Tax
3% fixed annual rent increases
Secure lease to leading restaurant
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Description

+ Secure two (2) year lease plus options through to 2029
+ Tenant: La Cachette (translating to ‘hideaway in French), is Geelong’s newest fine-dining destination and an intimate 25 seat bistro tucked away on the lush Geelong Waterfront.
+ Rare landlord favorable net lease with the tenant responsible for all usual outgoings including land tax.
+ Guaranteed rental growth with annual fixed 3% rent increases.
+ Perfectly positioned within the prime Geelong Waterfront Novotel Precinct.
+ Strategically positioned in the Novotel Precinct and walking distance to Westfield Shopping Centre and the Geelong train station. Within 3km of the Pakington Strand, home to Woolworths and 14 shops, Coles Belmont, Woolworths Newtown, St John of God Hospital and the famous Simmonds Stadium home to the Geelong Cats.
+ Surrounded by important social infrastructure including Deakin University (Geelong Campus) as well as 20 primary and secondary schools within a 3km radius servicing over 8,285 full time-students
+ City of Greater Geelong: A population of 268,984 and forecasted to grow to 393,216 by 2041 (68.4% forecasted growth). The City of Greater Geelong is largest city in Victoria after Melbourne and located approximately 75km from the Melbourne CBD.
+ Net Rent: $29,990 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEST), Tuesday 28 September 2021

**Gap Maps
***City of Greater Geelong
** La Cachette.com.au
*Forecast.id

All areas and figures approx only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents. 

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
1 SQM
Building Area
78 SQM

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