Description
POINT OF INTEREST:
Whether you’re buying for yield, planning your operational move, or simply parking your money in the north while there’s a rare opening, Hossack holds the cards you didn’t know were still in the deck. This tightly held industrial pocket just 9 km* from the CBD plays host to two side-by-side warehouses totalling 888 sqm*, fully leased to long-term operator Cab Connect Pty Ltd. with a combined income of $78,000 per annum*. The property offers income from day one, with future flexibility to subdivide or occupy. The tenant operates across the two adjoining sites, running a mechanical workshop and taxi depot at 1 Hossack and a car rental and vehicle storage facility at 3. The business provides automotive services like vehicle maintenance, fleet management, and storage, catering to both private and commercial clients.
Set on a prominent 26* metre double fronted block with six car spaces, and 3 roller doors the asset is a bit of an industrious show-off. But it’s the location that really gets a zoom in: moments from Bell Street, Sydney Road and the CityLink, close to Batman and Merlynston railway stations, and surrounded by the kind of retail clout — Bunnings, Coles, Officeworks — that keeps real estate demand high. Even lunch is sorted, with cult favourites like 300 Grams, Joy Coburg, and Paninoteca S.p.A just a few hundred metres away.
- Leased to Cab Connect Pty Ltd with rental growth potential
- $78,000 per annum return.
- 888 sqm* total building area for 2 side-by-side buildings.
- 428 sqm* building area at 1 Hossack.
- 460 sqm* building area at 3 Hossack.
- 1,099 sqm* total land area.
- Industrial 3 zoning.
- Existing triple interceptor installed.
- 6 allocated car spaces.
- Walking distance to Bunnings, Officeworks, Petbarn, and Goodlife Health Clubs.
- 600 m* to Batman railway station.
- 800 m* to Sydney Road.
POINT OF VIEW:
With two side-by-side freehold buildings and one solid tenant, this is a neat industrial package with a built-in exit strategy — unless you get comfortable with making yourself comfortable from the investment.
*Approx.
Pricing excludes GST