$1.25m + GST

24-28 Donga Road North Geelong

This is an outstanding opportunity to invest in one of Geelongs strongest and performing industrial precincts. The property has recently had the office area refurbished along with the amenities and is currently leased out to BMI Communications on one year lease from September 1st 2018 with two further options of one years each and annual CPI increases. The Property has enormous future growth and development potential, the astute investor or developer should not miss this opportunity to secure this site.

* Returning $75,000 per annum + GST + Outgoings ( $45,000 per annum over the first term due to internal refurbishment of Offices and amenities.)
* One year lease with two further options of one year each
* Future development opportunity
* Recently refurbished office & amenities
* Annual CPI Increase
* Building area: 1000m2 inc. office space
* Land area: 3109m2
* 3 phase power
* Side roller doors
* Zoned: Industrial 2

AUCTION

  • Thu 12th - Oct 2:00pm
  • Venue