72 Bellerine Street, Geelong, Vic 3220

Expressions of Interest Closing Wednesday 23rd April 12pm

6x2 Bedroom Apartments all on one title. This significant investment opportunity in Geelong will hold strong appeal for all astute purchasers. These neat apartments are fully leased at an average of $330 p.w each and are superbly located on the doorstep of the CBD in the Hospital precinct and within easy walking distance to all that a CBD address has to offer. 

For many years the combined value of and return of the individual units on this site would be considered as the highest and best use for this site but as Geelong continues to grow and the demands on the CBD continue to increase many possibilities will present. It is just a matter of waiting while your investment increases in value.

• Zoned Activity Centre 1- This flexible Zone allows for a multitude of potential developments on this 745m2 site (currently zoned for 4 levels)
https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08
https://planning-schemes.app.planning.vic.gov.au/GREATER%20GEELONG/ordinance/37.08-s1

• Strata Title and refurbish the existing property to create 6 Separate units to allow for individual sale in the future.
  (Subject to approvals)

• Currently returning $101,920 P.A = 4.43% Gross on the top end of our asking price
  (Rental return will increase as interest rates slowly fall increasing return)