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SOLID INVESTMENT, THE RITZ CAFE

10 Bellerine Street, GEELONG VIC, 3220

Sold

Property Sold in 10 Bellerine Street, GEELONG VIC, 3220

Darcy Jarman Pty Ltd

Level 1/175 Pakington Street, Geelong West, VIC 3218

Listing ID:
11361981
Status:
Sold
Price:
$1,300,000 to $1,400,000 excl GST
Last Updated:
19/12/2019
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Property Type

Retail
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Land Area

N/A
Icon size

Floor Area

72 SQM
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Parking

N/A

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.

For more details, please email agent

Darcy Jarman Pty Ltd

Level 1/175 Pakington Street, Geelong West, VIC 3218


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