GEELONG 10 Bellerine Street

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Residential Investment Property with Net Rental Returns up to 8%

As well as being the fastest growing regional city in the country, Geelong is experiencing exceptional growth in the short-term accommodation market.

The Geelong regions annual overnight visitation has grown from 877,988 in 2013 to an impressive 1,445,159 annual overnight visitors in 2017.

What this means is that Geelong desperately needs more accommodation for tourists and commercial visitors to the city. The arrival of Worksafe, NDIS, the new Convention Centre and Avalon International Airport will place even more pressure on Geelong’s accommodation stock.

Ritz is residential property - with on site management - which has been meticulously designed to become Geelong’s first upscale 4 ½ Star Apartment Hotel.

Developed by the same group that brought The Devlin and Vue Apartments to Geelong, the Heritage Ritz Hotel will be carefully rejuvenated and modernised to compliment a contemporary yet elegant nine level addition.

The Ritz is destined to become the new luxury go-to destination for visitors to Geelong and is an ideal property investment for self-funded retirees or property investors looking for high yielding, tax efficient property with the potential for capital growth.

Discover how you can purchase a premium residential investment apartment in the heart of Geelong, providing a freehold asset with a proven tax efficient, net rental return of up to 8% (after costs and outgoings) by going to www.ritzgeelong.com.au

- Premium waterfront location
- Accelerated Tax Depreciations and Investment Allowances
- Commercial Management Agreement, no lock in lease, no pooling
- Proven formula for success (The Devlin and The Vue)

1 bedroom investments priced from $425,000 (plus furnishings)
2 bedroom investments priced from $610,000 (plus furnishings)
*Please request to investment documentation to confirm structure and returns.


Go to www.ritzgeelong.com.au for more information.

All information offered by Whitford is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Whitford merely do no more than pass the information on. Use of such material is at your sole risk. Whitford does not have any belief one way or the other as to whether the information is accurate and prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Whitford will not be liable for any loss resulting from any action or decision by you in reliance on the information from Whitford.

LOCATION: 10 Bellerine Street, Geelong


PRIVATE SALE
Price: $425,000

AGENT DETAILS
Andre Veronie
0403388825
andre@whitfordproperty.com.au

Lachlan Bruce

lachlan@whitfordproperty.com.au

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