Shops 6 &7/157-159 Great Ocean Road, Apollo Bay, VIC, 3233

High Profile position on the Great Ocean Road
Approximately 150 square meters of retail space facing the famous Great Ocean Road.
This address represents blue chip investment potential.
2 shop fronts on the 1 title.
With 24 years left on the lease of a reliable tenant and off street parking, it is not often that an opportunity like this presents itself.
So don't hesitate, contact our office to make an appointment to inspect this fantastic investment opportunity.
Unique freehold, in the heart of this coastal town
Situated opposite the ever growing Great Ocean Road & Tourist information centre
Long lease in place, secure & excellent tenancy: 5 % return & rental of: ($54,300) approx.
Shop space is large & double fronted
Consider and evaluate the benefits of purchasing in your superannuation fund
As you enter Apollo Bay, situated in the absolute best OCEAN FRONTAGE location on the Foreshore shopping strip
Great opportunity to secure a prime Freehold
150 sq.m (Approximately)
Annual rental: (net) $55,688 plus GST.
Net return exceeds 5%.
Depreciation ($12,600 pa) (14 years to run).
Secure lease 24 years to run plus further options of 5 years each (20 years).
Annual CPI increases every year.
Property type: Commercial investment.

Property Details

  • Street Address Shops 6 &7/157-159 Great Ocean Road
  • Type Commercial
  • Price $1,080,000
  • Suburb Apollo Bay
  • Town Village Great Ocean Rd / Otway Ranges
  • State VIC
  • Postcode 3233
  • Property Type Retail
  • Land Size 150 Square Metres
  • Building Size 150 Square Metres

Make an Enquiry

Darren Brimacombe

P: 03 5289 4222

M: 0418 317 424

Darren Brimacombe