Retail for Sale

31 Old Post Office Road Princetown, VIC 3269

$1m to $1.1m
  • Building: 500m²
  • Land: 1,619m² (0.4 acres)

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Retail for Sale in Princetown

PRINCETOWN TAVERN (FREEHOLD) - LEASED INVESTMENT OPPORTUNITY

  • Building: 500m²
  • Land: 1,619m² (0.4 acres)

Exuding a welcoming country-style ambience, and superbly located 6 kilometres from the world famous 12 Apostles
- On the doorstep of the Great Ocean Road, Australia's most frequented holiday destination
- With the wetlands to the North and the river and estuary to the South, Princetown is a sight-seer's and fisher's paradise
- The town consists of B&B's, caravan parks, and a hostel, creating a constant year-round trail of visitors to the Tavern
- Includes a second storey 4/5 bedroom residence and commercial accommodation of 3 private cabins
- Walking track from the Tavern to the Gellibrand river and ocean beaches
- Lease term: 5 years from 4.5.2015 through to 4.5.2020
- Options: 2 further terms of 5 years each
- Rental: $75,600 per annum net
- Tenants pay all outgoings
- Annual CPI rental increases
- Market reviews in year 1 of each option
- Land size: 1619sqm approx
- Zoning: Township Zone

Building:

500m²

Land:

1,619m² / 0.4 acres

Zone:

Township Zone

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