149 Minerva Road , Newtown

150.00m2
Retail
Contact Agent

Income + upside

** EXPRESSIONS OF INTEREST CLOSING WEDNESDAY 8TH DECEMBER 2021 AT 3PM **

Gross Waddell ICR, in conjunction with Darcy Jarman, is delighted to offer for sale 149 Minerva Road, Newtown. This high exposure corner property is positioned within Geelong’s most desirable suburb of Newtown.

• Substantial corner landholding of 1,182 sqm* with generous street exposure to Minerva Road and Autumn Street

• Zoning: Commercial 1 (C1Z)

• Rental income: $55,000* p.a.

• Lease Term: 3 years (expires 31 March 2024) with no further options, giving buyers the ultimate flexibility

• Suit investors, future owner occupiers or developers (STCA)

• Positioned within the highly desirable suburb of Newtown, which boasts a median house price of $1,020,000 and a 6.5% quarterly price growth (source: REIV)

FUTURE “VALUE ADD” OPPORTUNITY

*Approx.

In conjunction with Darcy Jarman:
Tim Darcy - 0418 522 523

Interested in this property?

  • This field is for validation purposes and should be left unchanged.