6-8 Townsend Road St Albans Park VIC 3219

This is an exciting opportunity to own a high yielding investment premises in Geelong, one of the fastest growing regional cities in Australia.

Currently utilised as a substantial health care facility with a capacity for thirty beds, the 3579sqm property on Townsend Road, St Albans, sits in a Residential 1 zone.

Rental income is $353,446.84 p.a. plus GST and outgoings. The current tenant has a five-year lease, ending July 14, 2028, with two further options of five years.

This is an exciting opportunity to own a high yielding investment premises in Geelong, one of the fastest growing regional cities in Australia. Currently utilised as a substantial health care facility with a capacity for thirty beds, the 3579sqm property on Townsend Road, St Albans, sits in a Residential 1 zone.

The property includes ample parking, and the building provides 1330sqm of floor space. It is located within easy reach of Geelong's CBD and the city's thriving medical precinct and only an 80-minute drive from Melbourne. The Geelong region hosts a population of 294,000 and is forecast to be more than 400,000 by 2031. Given this growth there is a strong demand for commercial properties of this size and scope.

Expression of Interest for 6-8 Townsend Road, St Albans Park, close September 20 at noon.