Fully Leased Geelong CBD Investment – Strategic Position, Evolving Precinct
Ground floor 23-31 Gheringhap Street , Geelong VIC
Property Highlights
Description
+Secure Five (5) & Three (3) year leases plus options.
+100% leased investment including HomeBase offices (3 locations) and Routleys Bakery, 70+ year history with 11 stores across VIC.
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Annual fixed 3% rent increases & CPI rent reviews.
+372sqm entire ground floor premises with important triple retail frontage and exposure.
+Ideally located opposite Civic Centre Car Park.
+High exposure to busy Gheringhap Street with 13,400 vehicles passing daily.
+Opposite Geelong City Hall, Geelong Arts Centre & Geelong Library, also nearby Westfield Geelong & Market Square Shopping Centre.
+Potential 50% stamp duty savings.
+Geelong: booming city with house prices up 27% in the past 12 months.
+Net Income: $129,780pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino – River Room
Property Details