Skip to Main Content

10 Bellerine Street, Geelong, Vic 3220

10 Bellerine Street, Geelong, Vic 3220

Retail

  • Sold Contact Agent
  • Wed 16-Oct-19

SOLID INVESTMENT, THE RITZ CAFE

  • BRILLIANTLY LOCATED
  • NEW 10 YEAR LEASE TO NATIONAL TENANT
  • SOLID INVESTMENT

  • Floor Area
  • 72 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Dec 19, 2019
  • Parking Comments
  • One onsite car park
  • Zoning
  • Activity Centre Zone 1

Interested in this property? Contact an Agent today

Darcy Jarman - Geelong West

Level 1, 89 West Fyans Street

Newtown Vic 3220

Sarah Nightingale, Darcy Jarman - Geelong West
Sarah Nightingale

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.

10 Bellerine Street, Geelong, Vic 3220

Be the first to see new properties

Sign up for a MyCommercial account to get property alerts.

Get Email Alerts