BACCHUS PRIME CENTRAL PACKAGE: INVEST. OCCUPY. DEVELOP.

EOI – Leased Investment - 2-6 Young Street, Bacchus Marsh

Investment opportunity, Development/Land (Retail, Showroom, Medical, Residential, Childcare, Offices), Retail, Industrial, S

Overview
Property ID: 20456
Price: Contact Agent
Rent: $133,000 (ex. GST)
Building: 1,029m²
Land: 1,628m²
Zoning: Commercial 1 Zone
EOI
19/06/2024 12:00 PM
Add to Calendar 19/06/2024 12:00 PM 19/06/2024 12:00 PM Australia/Melbourne EOI – Leased Investment - 2-6 Young Street, Bacchus Marsh BACCHUS PRIME CENTRAL PACKAGE: INVEST. OCCUPY. DEVELOP. John Nockles [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

POINT OF INTEREST:

For sale via Expressions of Interest closing Wednesday 19th June 2024 Unless Sold Prior. All offers due at Midday.

Commercial in theory, but multi-use to its core — this beautiful home with two industrial properties is made even better by its address. And then there’s the potential.

The site size is a staggering 1,628 sqm* within the heart of Bacchus Marsh’s retail and hospitality hub, directly across the road from the major shopping centre. And how convenient, when the total frontage here stretches to 47 m* to cater to a range of development outcomes. With its commercial 1 zoning and being a single title, the site is ripe for a new life that no doubt would benefit a retail / showroom / medical build to piggyback off its much larger neighbour directly across the road – “The Village” Bacchus Marsh Shopping Centre.

The industrial assets at numbers 2 and 4 are classic warehouse setups with roller doors and storage aplenty. KFT Fitness occupies number 2 and a small part of 4, paying $50,124.60 per annum. Coming home to number 6, this 3-bedroom and 1-bathroom abode has a study that could double as a fourth bedroom. Recent upgrades make this home worth the move — with polished floorboards, new carpet and built-in robes throughout the bedrooms, a separate dining room, gas central heating, and Miele and Westinghouse kitchen appliances.

Just off of Main Street — the Bacchus Marsh retail and hospitality anchor point — this multi-faceted package has all of the traffic and none of the premiums that come with a high street address. Across the road, you’ll find the likes of Coles, ALDI, Anytime Fitness, Australia Post, and Bakers Delight, amongst other beloved local traders. The 483 bus runs along here, but a drive to Bacchus Marsh railway station 1.5 km* away will get you into Melbourne CBD. The same could be said for the Western Freeway, the main arterial sitting 1.3 km* away taking you central within an hour.

- Total land area: 1,628 sqm*
- Commercial 1 Zoning and 1 title for future development (STCA)
- 2 Young Street industrial shed: 330 sqm*. Currently leased to Mrs Kavalyn Raferty TA KFT Kavs Functional Training Studio.at $50,124.60 per annum.
- 4 Young Street industrial shed: 481 sqm*. Partly leased to KFT, and mostly vacant.
- 6 Young Street 3-bed, 1-bath, 2-car home – vacant possession.
- Total anticipated fully lease income: $125,000 - $133,000 per annum.
- 1.3 km* to the Western Freeway.

POINT OF VIEW:
- 47 m* of frontage to the best of Bacchus, and a silver platter of purchasing options.
- Develop - The site position in front of the shopping centre and just off Main Street makes this package prime for a medical, showroom, or retail sensation — and so does the zoning.
- Occupy - In more ways than one. Live in the beautiful home, do business next door, and generate income from continuing the lease at number 2.
- Invest - Three buildings that can be leased in a flash. Maximise your income over the next five years with three tenancies, then get your ducks in a row to develop something entirely new.

*Approx.
Pricing excludes GST

Additional Info
Features
Tenancy2 Young St and Part of 4 Young St: Kavs Functional Training Studio
Lease Term3 + 3 + 3 years
Commenced14/06/2022
Rent Review3% per annum
Bond/Guarantees1 months rent + GST
Outgoings Payable100% Payable by Tenant per lease
Air ConditionerYes
Availability2 Young St - Leased. 4 and 6 Young St, Vacant.
Car Parking FeesNil.
Car SpacesAmple on site.
ConditionGood.
FloorsCarpet / Concrete / Timber
LiftsNA
Permits IssuedNil.
Roller DoorsYes.
SprinklersNA
Suitable DevelopmentRetail / Showroom / Office / Medical / Childcare
Wheel Chair AccessNA
ZoningCommercial 1 Zone
Outgoings
Council Rates 2 Young St: $1849 pa. 4 Young St: 2,020 pa. 6 Young St: $2,283 pa.
Water Rates2 Young St: $800 pa. 4 Young St: $350 pa. 6 Young St (House): $800 pa.
Land Tax2 Young St: $2,573.18 pa. 4 Young St: $2,976.82 pa. 6 Young St: $2,700 pa.
Agent Details
CVA Property Consultants - John Nockles

John Nockles

M | 0404 530 393
T | (03) 9623 2591
E | [email protected]

CVA Property Consultants - Domenic Sgambellone

Domenic Sgambellone

M | 0418 327 676
T | (03) 9623 2559
E | [email protected]

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