104a Bailey Street is strategically located in Grovedale with access from Marshalltown Road & Grove Road and presents an outstanding opportunity to acquire a secure industrial investment positioned in one Geelong's strongest Industrial precinct where vacancy rates remain at an all time low and now is the time to invest before you are locked out of the market. Secure now and reap the long term benefits not to mention that you are surrounded by an array of outstanding businesses.

This property is excellent holding with amazing future potential and its a rarity to find a premise in Grovedale which not only gives you an excellent income stream but the potential development opportunity is enormous.

Tenancy Details:

• Long standing established tenant occupying the building for 10 years now

• Renewed lease for two (2) years from June 6 2022

• One further term of two (2) years

• Currently returning $33,000.00 per annum + GST + Outgoings

• Annual CPI increments & Market Review at Option

Key Features Include:

• Warehouse of 300m2 approx

• Land area of 803m2 approx

• Building measurements of 12.1 x 24.3

• Front and rear roller doors

• 3 phase power

• Car Parking

• Large rear & side yard

• Office space

• Excellent internal height

• Kitchenette & toilet facilities

• Zoning: Commercial 2 Zone