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CBRE - Melbourne

250 Latrobe Terrace Newtown, VIC 3220

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250 Latrobe Terrace,
Newtown, VIC 3220

Shop & Retail • Development Sites & Land

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CBRE - Melbourne
Scott Hawthorne

CBRE - Melbourne

Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
04008610...
CBRE - Melbourne
250 Latrobe Terrace
Newtown, VIC 3220

Map of 250 Latrobe Terrace

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NATIONAL BRAND INVESTMENT OFFERED WITH ‘BRAND NEW’ 10 YEAR LEASE

+ Landlord favoured net lease to the highly established Magic Hand Car Wash ‘Head Office’ (26 years in operation with 21 stores nationally)

+ Providing net annual income of $125,000* through a 10 year lease with fixed 2.5% annual rental increases

+ Positioned on a well exposed corner landholding of 1,050sqm* with frontage to Latrobe Terrace & Aberdeen Street providing easy customer entry and exit

+ Substantial property improvements include a specialised and recently built (2018) hand car wash facility coupled with an operational café & diner for customer convenience and additional income

+ Strategically located on the fringe of the Geelong CBD along main arterial route Latrobe Terrace – a premium location given the nature of the tenant

For sale via public auction on Thursday 17th December from 10:30AM (AEDT), to be held at “CreativeCubes.Co – Hawthorn” located at 10 Oxley Road, Hawthorn

For more information please contact one of the sale and marketing agents below:

Scott Hawthorne
+61 400 861 0...

Jing Jun Heng 王敬君
+61 411 059 116

David Minty
+61 422 564 199

Scott Orchard
+61 425 760 712

Property ID: 503701626Last Updated: 3 Sep 2021

CBRE - Melbourne
Level 34, 8 Exhibition Street
MELBOURNE, VIC 3000
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