Savills and Blount Osborne Walsh are delighted to offer for sale this blue-chip investment, leased to VicRoads at 178-180 Fyans Street, Geelong South.
This property provides an exceptional opportunity for the astute investor as well as offering significant development upside with an enormous corner landholding.
Key attributes of this outstanding investment include:
- The Geelong VicRoads customer service centre
- Substantial corner landholding of 11,940sq m*
- New 5 year lease to VicRoads (plus options), plus additional income from adjoining car yard
- Current Net Income: $424,400 per annum*
- Ideally situated in Geelong's thriving, large format retail and commercial precinct
- Close proximity to central Geelong, which comprises a bustling retail and lifestyle precinct including Westfield Geelong shopping centre, Deakin University and Kardinia Park/Simonds Stadium
- Geelong is Victoria's second largest city, and one of the fastest growing regions in Victoria with the population of Geelong expected to grow by 36.51% by 2036
- An outstanding investment opportunity with a blue-chip tenant, and significant future development upside!
EOI Closed - Offers Currently Under Review
Nick Peden - 0402 011 266
Jesse Radisich - 0402 085 702
Blount Osborne Walsh
Cameron Elliott - 0412 714 506
Matt Walsh - 0411 880 054