GOLDEN MILE - ONE OR FIVE DEAL PACKAGE.

Overview

Description

POINT OF INTEREST:

Expressions of Interest: Closing Wednesday 26th of November at 3.00pm.

Five adjoining investments (offered individually or as a whole) encompassing over 1.21 ha* of Commercial 2 land, a combined rental income of approximately $1.45 million, and a commanding 102 m* frontage to Old Geelong Road — this is the Golden Mile of the West at its brightest.

Tenancy strength is the backbone here, underpinned by a diverse mix of secure, high-performing occupiers. Spotlight anchors the site on a long-term lease, joined by national names such as Tabcorp and VicRoads, as well as medical, financial and service tenants like Peak Health Medical Centre and Noone Imagewear.

A name synonymous with premium retail and bulky goods, plus auto dealers and homemaking, Old Geelong Road is undoubtedly the Golden Mile of the West. Adjoining the Hoppers Crossing Shopping Centre, your neighbours here include Australian retail titans such as Coles, Woolworths, JB Hi-Fi and Officeworks. Technically classified as a major activity centre, Wyndham City Council’s 2016 Activities Centre Strategy report states that this hub could convert to Commercial 1 zoning, anticipating a more intensive multi-level development on the horizon.

You don’t need directions to Old Geelong Road. Just follow the traffic, the trolleys and the retail giants. Only metres from the recently constructed M1 on/off ramp, you’ll be connected to the CBD in 25 km*, or head to Geelong 40 km* west. Hoppers Crossing railway station is also only 450 m* away, servicing the Werribee line and the locals within the area.

- 5 individual titles offered separately or as a whole.
- Diverse mix of national brands including Spotlight, government, medical and financial tenants.
- Total rental income: $1,458,909 per annum
- Lot 1: Spotlight - $540,974.50 per annum
- Lot 2: Noone Schoolware & Tabcorp - $287,885 per annum
- Lot 3: Vac Direct & Peak Health - $213,200 per annum
- Lot 4: Vic Roads & Chinese Restaurant - $262,165 per annum
- Lot 5: 4 Office Suites - $150,211.75 per annum
- Total land area: 1.21 ha*.
- Total building area: 4,733 sqm*.
- 192 common car spaces.
- Commercial 2 zoning (C2Z).
- Significant 102 m* frontage to Old Geelong Road.
- Direct access to Princes Freeway (M1).
- 450 m* to Hoppers Crossing railway station.


POINT OF VIEW:

As Wyndham doubles in population, holdings of this scale will feel even rarer than they already are. The value here isn’t just in the rental income — it’s in owning the future of Old Geelong Road.

*Approx.
Pricing excludes GST