202 Kilgour Street, Geelong, Vic 3220

Block of nine studio apartments offering an exciting opportunity to secure a high performing investment property in central Geelong, one of Australia’s fastest growing regions.
 
The striking two-storey building sports a modernist and sustainable design, encompassing nine fully furnished studio apartments set up for low maintenance comfort. All include open plan bedroom, kitchenette with dining, bathroom plus outdoor space which extends the light-filled living area.
 
A ground floor studio has been designed for disability access and ease of living. It features a step-free entry, a wide entry to the bathroom, which is installed with grab rails and an open, unconfined showering area.
 
The well-maintained building also includes a common kitchen area, communal laundry facilities and an outdoor clothesline area.
 
Special features of this property include: 12kw of solar panels, water tanks and 3-phase power supply, secure keyless access, reverse cycle heating, cooling, and instantaneous hot water service in all rooms. Reliable NBN internet service throughout. CCTV at entrance and common areas also available.
 
The property is located in a pretty, treed-lined Fitzroy Street within the Greater Geelong City Council area and has no bushfire, flood or heritage overlays. 
 
Residents enjoy the Richmond Oval at the end of the street and being close to the city’s beautiful waterfront, medical precinct and CBD. 900m walk to South Geelong Train Station for an easy Melbourne commute.
 
Given the quality of this property and its prime position, it has an excellent occupancy rate and earns a total income of $152,217.86 per annum. Representing a healthy gross return of 5.6%.
 
For an Information Memorandum and to arrange a private inspection, contact Ross Bywater (0457 888 113) or Rebecca Osborne (0488 703 883).