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Sold Property
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On the hunt for a quality addition to your investment portfolio offering solid rental returns and a tenant already in place? This is an exciting and incredibly rare
opportunity to secure the Freehold Investment to the Parkwood Motel, set on a prized 2,048 sqm corner lot just five minutes from the Geelong CBD and it could now be all yours.
Residentially Zoned land offering future development potential. In this prime location it's hard to go past this unique offering. With 16 years remaining on the lease, time is on your side for a long-term strategy redeveloping the site (stca). Or with long term tenants who have proven track record enjoy the solid rental yield, tenant pays all outgoings with built in market reviews.
A prominent location along Shannon Avenue and Lily Street along with an aspect to Ballarat Road add to the appeal of this unique offering as does the easy access to the Geelong Ring Road. Geelong Golf Club, cafes (from Pakington St and throughout the neighbourhood) and shops are within walking distance and the motel is positioned just moments from everything the thriving Geelong CBD and the spectacular waterfront.
Simply an opportunity not to be missed.
(Please note motel business not for sale)
Inspections strictly by appointment only.
Terms: 10% Deposit, 30/60/90 Day Settlement
Auction to be conducted Online & On Site (Government Regulations Permitting).
Property ID: #VNG43625
Office
m2
Sold Property
On the hunt for a quality addition to your investment portfolio offering solid rental returns and a tenant already in place? This is an exciting and incredibly rare
opportunity to secure the Freehold Investment to the Parkwood Motel, set on a prized 2,048 sqm corner lot just five minutes from the Geelong CBD and it could now be all yours.
Residentially Zoned land offering future development potential. In this prime location it's hard to go past this unique offering. With 16 years remaining on the lease, time is on your side for a long-term strategy redeveloping the site (stca). Or with long term tenants who have proven track record enjoy the solid rental yield, tenant pays all outgoings with built in market reviews.
A prominent location along Shannon Avenue and Lily Street along with an aspect to Ballarat Road add to the appeal of this unique offering as does the easy access to the Geelong Ring Road. Geelong Golf Club, cafes (from Pakington St and throughout the neighbourhood) and shops are within walking distance and the motel is positioned just moments from everything the thriving Geelong CBD and the spectacular waterfront.
Simply an opportunity not to be missed.
(Please note motel business not for sale)
Inspections strictly by appointment only.
Terms: 10% Deposit, 30/60/90 Day Settlement
Auction to be conducted Online & On Site (Government Regulations Permitting).
Property ID: #VNG43625
Whether an owner-occupier or an investor we can help you determine the worth of your current asset. Why not find out with a Property Appraisal, highlighting recent sales and leases, property returns, market insights and more?
$640,000 248 Thompson Rd, North Geelong, VIC 3215
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