$670,000 - $720,000

404/8 Gheringhap Street Geelong

The apartment is leased until April 2019 at $470pw, and although it currently presents poorly, the photos highlight the potential of this waterfront property. The current presentation does not show case the property in its finest light, but the prospect of securing one of the very few 3-bedroom apartments in the Geelong CBD highlights that this a sound prospect for the opportunistic buyer. Set in the thriving waterfront business hub, the building is surrounded by the Australia Bureau of Statistics; the TAC, Worksafe, Deakins Waterfront Campus; and the under-construction future home of the NDIS. You will have the benefit of having an immediate income, a generous ongoing catchment of potential tenants, or simply a comfortable home in highly convenient location set right on the waterfront and within a minute to the Geelong CBD and its array of restaurants and cafes. The apartment has been designed to capitalise on the north aspect, offering a view from every window; other features include, 2 bathrooms, 2 toilets, heating & cooling, European laundry, secure car parking and security access.