Premium Investment Opportunity X 2
An exciting prospect awaits to acquire two securely leased, perfectly located freeholds in this vibrant tightly held Belmont shopping precinct.
On offer is 134C High St Belmont which is tenanted by long term occupant Geelong Travel and 134B High Street Belmont the ever so popular Paddington Café which has secured a large following who come from all areas to experience this dynamic Café.
Both premises are surrounded by a thriving residential catchment area and are set amongst an array of quality businesses being Aldi Supermarket, Belmont Medical Clinic, Archives Wine Bar, Pizza Bar Restaurant and many more.
Properties to be Auctioned Separately.
Option 1: 134C High St - Geelong Travel
Passing Rent: $23,436 Per Annum + GST + Outgoings
Lease Term: Two years from 16th May 2022
Further Terms: Three years with a further option of 5 years
Increments: Fixed 3% annually with Market review at option
Other advantages are future development with plenty of upside
Option 2: 134B High Street Belmont - Paddington Café
Passing Rent: $35,000 per Annum + GST + Outgoings
Lease Term: Five Years from August 1st 2021
Further terms: Five years with one further term of Five years
Increments: Fixed 3% annually with Market at option
Excellent long term investment.
Zoning: Commercial 1 Zone
Auction Date: 18th May at 11:30am