156 High Street,
Belmont, VIC 3216

Shops & Retail

Key property information

Floor area

Parking info

Tenure type

Sold on

Map of 156 High Street

Directions

OUTSTANDING RETAIL PREMISES LEASED TO WESTPAC

PROMINETLY LOCATED IN VIBRANT RETAIL PRECINCT

Land Area: 623 m² aprox
Frontage to High Street: 15.1 m² approx
Building Area: 407 m² approx
Rental growth potential
Five (5) on site car parks at rear
Zoning: Business 1
Significant further development potential (STCA)
Located next to Coles Supermarket and surrounded by a number of National retailers
Terms: 10% deposit, balance 60 days
Excellent opportunity to acquire substantial retail property located in prominent position in one of Geelong’s most highly regarded retail shopping strips, adjoining a major Coles Supermarket and offering scope for further development or sub division (STCA) and may suit potential owner occupier.

LEASE DETAILS
Tenant – Westpac Banking Corporation Ltd
Term – Five (5) years from the 5th June 2005
Rent - $73,340 per annum + GST
Outgoings – Payable by Tenant
Reviews – Market Review due 05/06/2008
Options – Nil

Chris Kombi 0438 156 2...
Geoff Emmett 0409 330 561

Belmont, 3216 demographic data

The median household income for Belmont is $1,517, 9% higher than Regional Victoria's household income of $1,386. Belmont has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 49% of property owners in Belmont have a mortgage.

15,066

Population

$1,517 per week

Median household income

37 years

Median age

Owners

Most residents

Families

Most households