250 Latrobe Terrace, NEWTOWN, VIC, 3220

+ Landlord favoured net lease to the highly established Magic Hand Car Wash ‘Head Office’ (26 years in operation with 21 stores nationally)

+ Providing net annual income of $125,000* through a 10 year lease with fixed 2.5% annual rental increases

+ Positioned on a well exposed corner landholding of 1,050sqm* with frontage to Latrobe Terrace & Aberdeen Street providing easy customer entry and exit

+ Substantial property improvements include a specialised and recently built (2018) hand car wash facility coupled with an operational café & diner for customer convenience and additional income

+ Strategically located on the fringe of the Geelong CBD along main arterial route Latrobe Terrace – a premium location given the nature of the tenant

For sale via public auction on Thursday 17th December from 10:30AM (AEDT), to be held at “CreativeCubes.Co – Hawthorn” located at 10 Oxley Road, Hawthorn

For more information please contact one of the sale and marketing agents below:

Scott Hawthorne

+61 400 861 048

Jing Jun Heng 王敬君

+61 411 059 116

David Minty

+61 422 564 199

Scott Orchard

+61 425 760 712

Remember to mention you found this property on CommercialReady.com.au