Easy as 1,2,3.
Don't miss this opportunity to own a prime corner location in the heart of Geelong. The property offers three existing leases with two street frontages, all on one title.
Current tenancies are returning $65,000 per annum plus GST (Approximately)
The lease details include the following:
A lease term ending 30/06/2025 with 1 option to renew for 3 years
A lease term ending 24/09/2027 with 1 option to renew for 4 years
A lease term ending 30/09/2032 with 1 option to renew for 10 years
The building has recently been updated internally and externally; the roof was fully replaced approximately 12 months ago.
If you have been searching for a property with multiple income streams, future growth potential, and possible redevelopment (STCA), then be sure to act on this one.
The property will be sold as a going concern.
For further details, please make contact.