Offices, Retail

4/23-31 Gheringhap Street, Geelong, VIC, 3220

  • Overview
  • Details
  • Agent
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Overview

  • For Sale
    $1,925,000
  • Floor Area
    372 m2 (*approx)
  • Type
    Offices, Retail, Strip Retail, Office Suites
  • Tenanted Investment
    Brand new 5 year lease with options to 5th October 2035

Property Details

High yielding investment with new 5 year lease
  • Brand new 5 year lease
  • 3 Street Frontages
  • Strong and secure investment

This prime retail property enjoys exposure to three streets and is situated at the entrance to Geelong’s CBD café and hospitality district. Merely meters to Westfield Geelong and Market Square shopping centre’s, the surrounding precinct has an abundance of new commercial and residential developments, with the population growth of Geelong soaring and set to increase by a further 50% over the next 21 years.”

•372 sqm* of ground floor retail/ office in Geelong's thriving precinct 
•Brand new 5 year lease with options to 5th October 2035
•Significant income stream offering $120,000 net per annum
•Comes with both bank guarantee and personal guarantee
•30 m frontage to Little Malop Street- bustling hospitality and commercial precinct
•3 street frontages offering long term flexibility- potential to further subdivide (STCA)
•Geelong's population is set to grow a further 130,000 over the next 21 years to 393,216 (source; forecast.id.com.au)

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

Agency information

Agency information

Property Map
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