71-73 Essex Street,
Geelong, VIC 3220

Warehouse, Factory & Industrial • Development Sites & Land

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SECURE MOOLAP INDUSTRIAL INVESTMENT

LONG TERM TENANT - SECURE RETURNS
1,500m2 CORNER ALLOTMENT
VERSATILE INDUSTRIAL PROPERTY

This fantastic Moolap property represents a first-class opportunity to invest in this ever-popular precinct. Situated on a prominent corner allotment of over 1,500m2 the property has a large factory/warehouse facility of approx. 716m2 and has been home to a successful joinery business for over 20 years. With ample power, multiple roller-door access, offices and staff facilities the building offers heaps of options. With a new 3x3x3 year lease in place at $45,000PA plus GST and Outgoings this industrial investment ticks all the boxes; including a well-established long-term tenant business, prominent position in a tightly-held area, future growth and redevelopment potential. This one is rock solid at a handsome 7.2% net return. Get your SMSF to work!

• Secure Industrial Investment
• 716m2 approx. of factory/warehouse
• 1,500m2 approx. corner allotment
• 3x3x3 year lease at $45,000PA plus GST & Outgoings
• Long-term successful tenant in occupation
• Future redevelopment potential
• Zoned Industrial 1

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

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Most households

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