SOLID INVESTMENT, THE RITZ CAFE

10 Bellerine Street
GEELONG 3220
Sold
Price
Contact Agent
Category
Retail
Tenancy
Tenanted
Zoning
Activity Centre Zone 1

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.

Sarah Nightingale
Price
Contact Agent
Category
Retail
Tenancy
Tenanted
Zoning
Activity Centre Zone 1

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