31 Old Post Office Road, Princetown VIC 3269

Contact Agent

PRINCETOWN TAVERN (FREEHOLD) - LEASED INVESTMENT OPPORTUNITY

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: $72,018.22 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

Property Details

• Type: Retail
• Tenancy: Tenanted
• Zone: Township Zone