SOLD
14-16 Settlement Road (Princes Highway), Belmont, VIC 3216
Freehold Motel Investment - High Underlying Land Value
Long 10 year lease to 2024 plus option to 2034
Highly experienced operators on-site for 8 years and in the industry for over 25 years
Significant Residential zoned landholding of 3,839 sqm with convenient access from the Princes Highway
Tenants pay all usual outgoings
Annual rent reviews
Immaculately presented and maintained facility including 15 rooms, ample parking, playground, bbq facilities, swimming pool & managers residence
Strategic location directly opposite numerous national retailers, direct access to Geelong CBD and 700 metres to High Street Shopping Centre
Single tenant minimum management investment
Greater Geelong: Current resident population of 247,068 with forecast 32% growth to 325,000+ by 2036 (500,000 by 2050)
Rent: $107,854 pa
Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne
Highly experienced operators on-site for 8 years and in the industry for over 25 years
Significant Residential zoned landholding of 3,839 sqm with convenient access from the Princes Highway
Tenants pay all usual outgoings
Annual rent reviews
Immaculately presented and maintained facility including 15 rooms, ample parking, playground, bbq facilities, swimming pool & managers residence
Strategic location directly opposite numerous national retailers, direct access to Geelong CBD and 700 metres to High Street Shopping Centre
Single tenant minimum management investment
Greater Geelong: Current resident population of 247,068 with forecast 32% growth to 325,000+ by 2036 (500,000 by 2050)
Rent: $107,854 pa
Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne
Property Info
Municipality
Belmont
AUCTION
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Burgess Rawson Melbourne Melbourne
Level 7, 140 Bourke Street
Melbourne, VIC 3000
Tel: 03 9613 0400
Email Us
NEARBY PROPERTIES
Shaun Venables
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