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Gartland (Residential) - GEELONG

Ground floor 23-31 Gheringhap Street Geelong, VIC 3220

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Ground floor 23-31 Gheringhap Street,
Geelong, VIC 3220

Shop & Retail • Offices • Medical & Consulting

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Gartland (Residential) - GEELONG
Adam Farrell

Gartland (Residential) - GEELONG

71 Little Malop Street
GEELONG, VIC 3220
Gartland (Residential) - GEELONG
Ground floor 23-31 Gheringhap Street
Geelong, VIC 3220

Map of Ground floor 23-31 Gheringhap Street

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Fully Leased Geelong CBD Investment - Strategic Position, Evolving Precinct

  • Leased to Routleys Bakery & HomeBase
  • Whole ground floor with 3 frontages
  • Tenants pay all usual outgoings
+Secure Five (5) & Three (3) year leases plus options.
+100% leased investment including HomeBase offices (3 locations) and Routleys Bakery, 70+ year history with 11 stores across VIC.
+Investor preferred net lease terms with tenants paying all usual outgoings.
+Annual fixed 3% rent increases & CPI rent reviews.
+372sqm entire ground floor premises with important triple retail frontage and exposure.
+Ideally located opposite Civic Centre Car Park.
+High exposure to busy Gheringhap Street with 13,400 vehicles passing daily.
+Opposite Geelong City Hall, Geelong Arts Centre & Geelong Library, also nearby Westfield Geelong & Market Square Shopping Centre.
+Potential 50% stamp duty savings.
+Geelong: booming city with house prices up 27% in the past 12 months.
+Net Income: $129,780pa + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino - River Room

Property ID: 504077647Last Updated: 10 Aug 2022

Gartland (Residential) - GEELONG
71 Little Malop Street
GEELONG, VIC 3220
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