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Ground floor 23-31 Gheringhap Street, GEELONG, VIC, 3220
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Ground floor 23-31 Gheringhap Street, GEELONG, VIC, 3220

2. Property Highlights

Fully Leased Geelong CBD Investment - Strategic Position, Evolving Precinct
  • Leased to Routleys Bakery & HomeBase
  • Whole ground floor with 3 frontages
  • Tenants pay all usual outgoings

+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

Remember to mention you found this property on CommercialReady

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Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898

3. Property Location

Ground floor 23-31 Gheringhap Street, GEELONG, VIC, 3220

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4. Due Diligence

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Ground floor 23-31 Gheringhap Street, GEELONG, VIC, 3220 Geelong
Burgess Rawson - Melbourne
Burgess Rawson - Melbourne
Level 20/150 Lonsdale St, Melbourne VIC 3000
Shaun Venables
Shaun Venables
+61 *** *** *** show +61 411 860 865
Beau Coulter
Beau Coulter
+61 *** *** *** show +61 413 839 898
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