GEELONG WEST 240 Latrobe Terrace

12 2 12

An exciting investment opportunity in this prominent location

Morgan House c. 1926

Ideally located on the edge of the CBD on this prominent 898m2 (approx) corner site this substantial property has been run mainly as office accommodation and consulting rooms. Currently disposed as 12 separate lettable areas with basic bathroom and kitchen facilities plus 12 car spaces. With an average income of $62,130 p.a (approx) over the last three years a gross yield of 5.64 % (approx) could be improved on with some refurbishment. To be sold as a going concern with several long-term tenants in residence.

With ornate features and floor plan intact, it also would respond beautifully to conversion back into a grand residence with excellent work from home options.

To be auctioned in February 2018 unless sold prior.

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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: 240 Latrobe Terrace, Geelong West


AUCTION
Sat 17th February, 11:00AM
Price: AUCTION

AGENT DETAILS
Tony Young
0417811762
tony@whitfordproperty.com.au

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