INCOME + UPSIDE
Brilliant opportunity to acquire this high exposure corner property positioned within Geelong’s most desirable suburb of Newtown.
– Substantial corner landholding of 1,182 sqm* with generous street exposure to Minerva Road and Autumn Street
– Zoning: Commercial 1 (C1Z)
– Rental income: $55,000* p.a.
– Lease Term: 3 years (expires 31/3/24)
– Suit investors, future owner occupier or developers (STCA)
– Median house price of $1,020,000 and a 6.5% quarterly price growth (source: REIV)