Description
POINT OF INTEREST:
A massive land opportunity crossed with two long-standing tenancies; this is an investment taking you from the commercial big leagues to premiership portfolios. Sitting amongst the Hoppers Crossing retail precinct, there are two sizeable units amongst the 3,623 sqm* of land on offer here, both happily occupied (and paying like it). Points of difference come naturally here, for one; there are ample car spaces and a hardstand on the title. Second, the 29 m* frontage to Old Geelong Road acts as your high-performing billboard. Secure tenancies aside, an astute developer will notice the future potential for major development too thanks to the monumental land size, main road exposure, and excellent accessibility. The big-name retailers set up shop here long ago and draw in plenty of customers because of it, titans like Chemist Warehouse, Harvey Norman, Petstock, Bunnings, and National Tiles. And when you’re under a kilometre from the Princes Freeway (and therefore 40 minutes from the CBD), there’s no better western position than right here.
- $194,627.17 in combined annual rental income.
- Unit 1: 480 sqm* building area.
- Unit 2: 713 sqm* building area.
- 1,193 sqm* in total building area.
- 3,623 sqm* in total land area.
- Industrial 1 zoning.
- 29 m* frontage to Old Geelong Road where approx. 29,000* vehicles pass daily.
- Ample car parking with a hardstand amongst two buildings.
- Unit 1 includes an overhead gantry crane of 3.2 tonne capacity.
- 700 m* to Princes Freeway.
POINT OF VIEW:
Buildings can be gutted, reshuffled, and upgraded. They can’t be moved to a better location. Particularly one that sits proudly on a western arterial where customers pull in and commuters take notice. The point: this is an investment of epic proportions.
*Approx.
Pricing excludes GST
