55 Yarra Street, Geelong

Offices - professional offices - Property ID: 1P1502

Land Size: 175 m2
Building Size: 175 m2

$1,300,000

Easy as 1,2,3.

Don't miss this opportunity to own a prime corner location in the heart of Geelong. The property offers three existing leases with two street frontages, all on one title.

Current tenancies are returning $65,000 per annum plus GST (Approximately)

The lease details include the following:
A lease term ending 30/06/2025 with 1 option to renew for 3 years
A lease term ending 24/09/2027 with 1 option to renew for 4 years
A lease term ending 30/09/2032 with 1 option to renew for 10 years

The building has recently been updated internally and externally; the roof was fully replaced approximately 12 months ago.

If you have been searching for a property with multiple income streams, future growth potential, and possible redevelopment (STCA), then be sure to act on this one.

The property will be sold as a going concern.

For further details, please make contact.

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers

Agent Information
Jason Barnett
Director
03 5222 1488
0417 585 221
Agency Information

Barnett Real Estate

A: 2a/242 Ryrie Street, Geelong 3220 VIC

P: 03 5222 1488

F: 03 5222 4503

E: info@barnettproperty.com.au

W: www.barnettproperty.com.au

List on iProperty.com.au

Want to advertise on our site?

Fill out the form and a member of our team will be in touch soon.