10 Bellerine Street, GEELONG VIC 3220

Sold
Details
Sold
10 Bellerine Street, GEELONG VIC 3220
  • Property id: 127072
  • Price: Sold

SOLID INVESTMENT, THE RITZ CAFE

SECURE INVESTMENT IN AN ICONIC BUILDING TENANTED BY COLLECTIVE HOTEL MANAGEMENT

– New 10 year lease with 8 further terms of 5 years

– Rental income $59,000 pa (net)

– Annual rental reviews

– Building area 72m2* + onsite car park

– Significant depreciation & investment allowances

– Prominent corner site close to the waterfront

– Café underpinned by 127 room 4.5 star hotel, The Ritz

– Neighbouring the well established and well patronised Vue Apartment Hotel (59 rooms)

– Northeast views over Austin Park and Corio Bay

– Due for completion end 2020

SET AND FORGET

*Approx.