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232 South Valley Road, Highton, Vic 3216

232 South Valley Road, Highton, Vic 3216

Other

  • For Sale
  • $780,000 - $850,000
  • For Sale

  • Land Area
  • 963.00 m² (approx)
  • Floor Area
  • 215 m²
  • Tenure Type
  • Vacant Possession
  • Last Updated
  • May 10, 2021
  • Zoning
  • GRZ4

Interested in this property? Contact an Agent today

Gartland Property - Geelong

71 Little Malop Street

Geelong Vic 3220

Position and Potential

$50,000+ p/a income; a 963sqm allotment; a highly visible and accessible position; and all within 250 metres of the Waurn Ponds Shopping centre. The South Valley Road frontage will give any business a brilliant visual presence, the floorplan offers the flexibility of multiple consulting rooms, and the side access creates enormous potential to convert the rear yard into car parking. The location would suit a Medical clinic, Dentist, Physiotherapist, Chiropractor, or any combination of service providers such as Accountants, Financial Planners or Tax agents. The current income has scope to increase; the property has a permit for 7 occupants (currently there are 6), but most importantly as an investment it is an income from day one. This style of investment property will return approx 6% - 7% long term and spreads the risk due the multiple tenancies. For the commercial buyer, the immediate and recurring income will allow you to make long term plans around improvements and capital works while still receiving an income.

232 South Valley Road, Highton, Vic 3216

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