PRIME SPACE
LOOMING LORNE AUCTION
THE building that popular Lorne surf retail store Sharky’s calls home will go to auction at 2pm on Saturday. Great Ocean Road Real Estate’s
Ian Stewart said Sharky’s would be staying on as a tenant.
With a rental return of $65,000 plus outgoings, he expects the property to go for about $1 million.
“There’s been moderate interest but things are ticking away pretty nicely with it,” Mr Stewart said.
“The location is an absolute belter.”
He said the property had attracted the interest of smaller, self-managed super funds keen to add to their portfolio.
Mr Stewart said out-of-town buyers familiar with Lorne’s growth were also looking to grab a slice of the town’s market.
CLOSE TO EVERYTHING
FOR those looking at picking up a premium CBD investment, 27-29 Malop St, Geelong, has hit the market with Gartland Real Estate.
Leased to two tenants, the property currently takes in an overall income of $150,384 per annum.
Gartland commercial sales and leasing manager Michael De
Stefano said the activity centre Zone 1 site offered a great yield in a perfect location.
“They’re excellent tenants, it’s a great location and it’s got a bit of size about it as well,” Mr De Stefano said.
“It’s an immaculate property, particularly the office. It has got car parking and it’s close to the waterfront, close to Deakin, close to shopping centres — it certainly ticks all the boxes.
“It’s only just hit the market but we’ve had a little bit of interest in it, which you’d expect in a property like that.”
27-29 Malop St will be auctioned on Wednesday, March 4.
PAKO FESTA
DARCY Jarman currently has a couple of rental properties on the market in Pakington St, Geelong West.
Both are located in prime corner positions, with the building leased by Nando’s on the corner of Hope St, and by Edge Financial Partners on the corner of Autumn St, available for willing tenants.
Josh Hanneysee is handling the lease for both properties and can be contacted on 0488 056 369.