Outstanding Ocean Grove investment opportunity

Darcy Jarman is offering a blue-chip freehold investment positioned in one of the most tightly held retail strips in the Bellarine with triple net lease to Commonwealth Bank.

The property at 76B The Terrace, Ocean Grove presently generates an income or $86,357pa net plus GST and outgoings, including land tax.

Located opposite Coles, Darcy Jarman is offering this as an attractive investment proposition underpinned by potential 50 per cent stamp duty concessions.

The commercial premises sits on 245sqm of prized Commercial 1 zoned land with more than 10 meter street frontage and a quality building of 186sqm.

The long-standing high profile tenant has been occupying the premises for more than 30 years.

The property boasts excellent exposure directly opposite Coles Supermarket and Home Timber & Hardware.

To be sold via auction on April 28 at noon with inspections via appointment only through Darcy Jarman Level 1, 89 Fyans Street, Newtown.