41 Gheringhap Street & 9 Downes Lane,
Geelong, VIC 3220
Shops & Retail • Development Sites & Land
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Fitzroys - Melbourne
Level 27, 360 Collins StreetMELBOURNE, VIC 3000
41 Gheringhap Street & 9 Downes Lane
Geelong, VIC 3220
Map of 41 Gheringhap Street & 9 Downes Lane
Rare Double Fronted CBD Investment In Hospitality Hot Spot
- New 5 Year Leases To 2 Quality Tenants
- Impressive Fully Renovated Building
- Sought After High Traffic Location
Fitzroys in conjunction with Gartland are delighted to offer this immaculate fully leased freehold investment at 41 Gheringhap Street and 9 Downes Lane, Geelong for sale via Expressions of Interest closing Wednesday 13th November at 3pm.
This substantial property comprises two street frontages and is leased to two highly successful, well established tenants on brand new leases with fixed annual rental increases, providing scope for excellent capital growth.
Key attributes include:
- Significant landholding of 369sqm*
- Fully renovated building of 340sqm* encompassing two separate tenancies on one title
- Dual frontage to Gheringhap Street (9.17 metres*) and Downes Lane (14.63 metres*)
- Fully leased to 2 quality tenants
- New 5 + 5 + 5 year lease to Augustus Gelatery (32 stores across Victoria)
- New 5 + 5 + 5 year lease to Felix Restaurant (4.9 Google star reviews)
- Prime CBD location within Little Malop Street’s famous retail/hospitality precinct providing high foot traffic trading conditions
- Surrounded by established eateries including Alma, The Arborist, The Eureka Hotel, Osteria Fiorenza, Caruggi and many more
- Close to traffic generators including the headquarters of TAC, NDIS and WorkSafe along with Geelong Library & Heritage Centre, Geelong Gallery, Deakin University, St John of God Hospital and the Geelong Courts
- Excellent future value add potential (STCA)
For further information or an inspection of 41 Gheringhap Street and 9 Downes Lane, Geelong, please contact selling agents Chris Kombi and Lewis Waddell of Fitzroys or Adam Farrell and Michael De Stefano of Gartland.
*approx.
This substantial property comprises two street frontages and is leased to two highly successful, well established tenants on brand new leases with fixed annual rental increases, providing scope for excellent capital growth.
Key attributes include:
- Significant landholding of 369sqm*
- Fully renovated building of 340sqm* encompassing two separate tenancies on one title
- Dual frontage to Gheringhap Street (9.17 metres*) and Downes Lane (14.63 metres*)
- Fully leased to 2 quality tenants
- New 5 + 5 + 5 year lease to Augustus Gelatery (32 stores across Victoria)
- New 5 + 5 + 5 year lease to Felix Restaurant (4.9 Google star reviews)
- Prime CBD location within Little Malop Street’s famous retail/hospitality precinct providing high foot traffic trading conditions
- Surrounded by established eateries including Alma, The Arborist, The Eureka Hotel, Osteria Fiorenza, Caruggi and many more
- Close to traffic generators including the headquarters of TAC, NDIS and WorkSafe along with Geelong Library & Heritage Centre, Geelong Gallery, Deakin University, St John of God Hospital and the Geelong Courts
- Excellent future value add potential (STCA)
For further information or an inspection of 41 Gheringhap Street and 9 Downes Lane, Geelong, please contact selling agents Chris Kombi and Lewis Waddell of Fitzroys or Adam Farrell and Michael De Stefano of Gartland.
*approx.
Geelong, 3220 demographic data
The median household income for Geelong is $1,670, 20% higher than Regional Victoria's household income of $1,386. Geelong has a younger age profile compared to the rest of Regional Victoria (median age 40 vs 43). Property ownership data shows 37% of property owners in Geelong have a mortgage.
5,811
Population
$1,670 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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