Gartland proudly presents 197 Shannon Avenue, Manifold Heights, a versatile investment opportunity in a highly sought-after location. Positioned on Shannon Avenue at the border of Manifold Heights and Geelong West, this property benefits from high foot traffic, strong residential catchment, and a thriving retail environment.

Currently configured with two generous retail spaces and a rear two-bedroom apartment, the property offers a stable and diversified income stream, making it an ideal addition to any portfolio. With long-term tenants and a mix of commercial and residential income, this asset provides both immediate returns and future growth potential.

• Combined income from two Commercial tenants: $46,503.72 PA + GST Net - CPI increments Market at options

• 197: Iphone Guy: $24,942.27 PA + GST Net - 3 yrs from 01/05/224 with one further option of 3 yrs

• 197A: Fish and Chip Shop: $22,782.93 PA + GST Net - 01/10/2020 (5yrs) with two further options of 5 yrs

• Residential Tenant: $20,800 Per annum

• Total: $67,724.54 PA

• Surrounded by many long term established business

• Opposite McDonalds on Shannon Ave

• Land Area: 339m2

• Commercial Zone 1"

Don't miss out on the chance to secure this exceptional retail space in Geelong West. Contact us today to arrange a viewing and see for yourself the potential that this property holds.