Shop 4, 23-31 Gheringhap Street , Geelong

372.00m2
Retail
Contact Agent

High yielding investment with new 5 year lease

** IMMEDIATE PRIVATE SALE **

This prime retail property enjoys exposure to three streets and is situated at the entrance to Geelong’s CBD café and hospitality district. Merely meters to Westfield Geelong and Market Square shopping centres, the surrounding precinct has an abundance of new commercial and residential developments, with the population growth of Geelong soaring and set to increase by a further 50% over the next 21 years.

• 372sqm* of ground-floor retail/office in Geelong's thriving precinct
• Brand new 5-year lease with options to 5th October 2035
• Significant income stream offering $120,000 net per annum
• Comes with both bank guarantee and personal guarantee
• 30m frontage to Little Malop Street - bustling hospitality and commercial precinct
• 3 street frontages offering long term flexibility - potential to further subdivide (STCA)
• Geelong's population is set to grow a further 130,000 over the next 21 years to 393,216 (source; forecast.id.com.au)

For further information or to inspect the property, please contact the exclusive sales agents directly.

In conjunction with Gartland Property.

*approx.

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