17 Detroit Crescent Corio VIC 3214

Colliers is pleased to present for sale 17 Detroit Crescent, Corio

17 Detroit Crescent offers a rare chance to secure a high-yielding investment in the thriving suburb of Corio, located within the second fastest growing regional city in Australia.
This property offers a brand-new 5 + 5 year lease to a secure tenant, delivering $32,500 p.a. net with fixed 5% annual increases, making it an ideal entry-level investment with strong long-term growth potential.

Key Features:
• Land & building Area 188M²*
• Zoned Commercial 1
• A secure tenant with a long-term lease
• Returning $32,500p.a + GST and Outgoings
• Fixed 5% increases
• New 5 year lease commencing 1st July 2025 with 5-year option.
• Situated in Corio, just 6 km from Geelong's CBD and approximately an hour's drive from Melbourne.
• Major residential projects on Sharland Road, Hendy Street and Plantation Drive, Corio which will add over 1,000 additional dwellings
• Plus the future growth of both Lara and Lovely Banks
• Excellent connectivity via the Geelong Ring Road and nearby arterial roads.
• Corio's population is forecast to grow steadily, from 16,103 in 2024 to 17,853 by 2041. This growth underpins demand for commercial spaces and services.
• Potential 50% Stamp Duty concessions

Located in a rapidly evolving precinct, this property benefits from strong local demand, infrastructure investment, and a growing population - all of which underpin the long-term value of commercial assets in the area.
Whether you're a first-time investor or looking to expand your portfolio, this is a rare chance to secure a reliable income stream in a high-growth regional market.

Contact us today for further details or to arrange an inspection.
Chris Nanni | 0438 306 361
Ben Young | 0407 296 679
Jackson Carrick | 0428 879 994

^Data sourced from https://profile.id.com.au/
*Approximately