197 Shannon Avenue, Manifold Heights, Vic 3218

Welcome to 197 Shannon Avenue Manifold Heights! This remarkable property offers a fantastic opportunity for those seeking an investment in a prime location.

Situated on Shannon Avenue bordering Manifold Heights & Geelong West this property boasts a highly sought-after address, that is sure to attract attention. With its vibrant surroundings and bustling atmosphere, this area is known for its thriving retail scene and strong foot traffic and large residential catchment area.

The property itself offers two generous retail spaces, perfect for a variety of businesses. Currently tenanted with two retail stores and rear two bedroom apartment, which is currently tenanted.

In addition to its prime location and versatile layout, this property also offers great value. This is an excellent investment opportunity for those looking to enter the retail market or expand their existing portfolio.

• Combined income from two Commercial tenants: $46,503.72 PA + GST Net - CPI increments Market at options
• 197: Iphone Guy: $24,375 PA + GST Net - 3 yrs from 01/05/224 with one further option of 3 yrs 
• 197A: Fish and Chip Shop: $22,128.72 PA + GST Net - 01/10/2020 (5yrs) with two further options of 5 yrs
• Residential Tenant: $20,800 Per annum
• Total: $67,303.72 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.