8-10 Lily Street, Hamlyn Heights VIC 3215

https://anywhereauctions.com.au/app/property?propertyId=18550

On the hunt for a quality addition to your investment portfolio offering solid rental returns and a tenant already in place? This is an exciting and incredibly rare opportunity to secure the Freehold Investment to the Parkwood Motel, set on a prized 2,049 sqm corner lot just five minutes from the Geelong CBD and it could now be all yours.
Residentially Zoned land offering future development potential. In this prime location it's hard to go past this unique offering. With 16 years remaining on the lease, time is on your side for a long-term strategy redeveloping the site (stca). Or with long term tenants who have proven track record enjoy the solid rental yield, tenant pays all outgoings with built in market reviews.
A prominent location along Shannon Avenue and Lily Street along with an aspect to Ballarat Road add to the appeal of this unique offering as does the easy access to the Geelong Ring Road. Geelong Golf Club, cafes (from Pakington St and throughout the neighbourhood) and shops are within walking distance and the motel is positioned just moments from everything the thriving Geelong CBD and the spectacular waterfront.
Simply an opportunity not to be missed.

(Please note motel business not for sale)
Inspections strictly by appointment only.
Terms: 10% Deposit, 30/60/90 Day Settlement
Auction to be conducted Online & On Site (Government Regulations Permitting).

WE LOOK FORWARD TO SHOWING YOU THIS PROPERTY
In accordance with government directions, all attendees must be fully vaccinated to attend Auctions and advertised Open for Inspections.
You will be required to show photo ID, proof of vaccination and check in via the QR code. Face masks, sanitising and social distancing are also required.
If you would like to inspect a property and you are NOT fully vaccinated, please contact us directly so we can arrange a PRIVATE inspection for you in line with the current directions.
Thank you for your kindness, understanding and co-operation.

Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist