55 Yarra Street,
Geelong, VIC 3220

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Added 1 day ago

Price information

Sale

$1,300,000

Key property information

Land area

Floor area

Zoning

Tenure type

Private inspections

to arrange a private inspection.

Map of 55 Yarra Street

Directions

Train stations within 5 km of 55 Yarra Street, Geelong, VIC 3220 Distance
Geelong Station 857 m
South Geelong Railway Station 1.1 km
South Geelong 1.1 km
North Geelong Station 3.1 km
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Bus stops within 5 km of 55 Yarra Street, Geelong, VIC 3220	Distance
Yarra StRyrie St	181 m
Moorabool StMalop St	295 m
Geelong Hospital/Ryrie St (Geelong)	303 m
Gheringhap St/Ryrie St (Geelong)	531 m
Little Myers St/Moorabool St (Geelong)	533 m

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.