55 Yarra Street Geelong VIC 3220

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.