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250 Latrobe Terrace
Newtown VIC 3220
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Sold on 18 Dec 2020

250 Latrobe Terrace Newtown VIC 3220

  • Shop & Retail
  • 98 m²
  • Sold

NATIONAL BRAND INVESTMENT OFFERED WITH 'BRAND NEW' 10 YEAR LEASE

    + Landlord favoured net lease to the highly established Magic Hand Car Wash 'Head Office' (26 years in operation with 21 stores nationally)

    + Providing net annual income of $125,000* through a 10 year lease with fixed 2.5% annual rental increases

    + Positioned on a well exposed corner landholding of 1,050sqm* with frontage to Latrobe Terrace & Aberdeen Street providing easy customer entry and exit

    + Substantial property improvements include a specialised and recently built (2018) hand car wash facility coupled with an operational café & diner for customer convenience and additional income

    + Strategically located on the fringe of the Geelong CBD along main arterial route Latrobe Terrace a premium location given the nature of the tenant

    For sale via public auction on Thursday 17th December from 10:30AM (AEDT), to be held at "CreativeCubes.Co Hawthorn" located at 10 Oxley Road, Hawthorn

    For more information please contact one of the sale and marketing agents below:

    Scott Hawthorne
    +61 400 861 048

    Jing Jun Heng
    +61 411 059 116

    David Minty
    +61 422 564 199

    Scott Orchard
    +61 425 760 712

    Property Highlights

    Date Sold18 Dec 2020
    Floor Area98 m²
    Land Area1,050 m²
    ParkingOn site parking available
    Building TypePartial building
    Property ID2017232133
    Category
    Last updated  3 Sep 2021
    Map for 250 Latrobe Terrace Newtown VIC 3220

    Property Highlights

    Date Sold18 Dec 2020
    Floor Area98 m²
    Land Area1,050 m²
    ParkingOn site parking available
    Building TypePartial building
    Property ID2017232133
    Category
    Last updated  3 Sep 2021
    Level 34, 8 Exhibition Street Melbourne VIC 3000

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