240 Latrobe Terrace, Geelong West VIC 3218

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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