SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Proven 1,253sqm Retail Site Opposite Coles Supermarket

37-41 Victoria Street , Hastings VIC

Property Highlights

Strong occupancy history
Tenants pay usual outgoings
Development Upside (STCA)

Description

+ Near 100% occupancy, majority healthcare and professional tenants including Australian Clinical Labs and H & R Block.
+ Proven Plaza across 4 lots including 13 retail shops and a central arcade.
+ Investor preferred net lease terms with tenants paying all usual outgoings.
+ Favourable annual rent reviews assuring growth.
+ Significant 1,253sqm* site with 41 metre frontage to Victoria Street and direct access to 250+ council car parks.
+ Irreplaceable position directly opposite Coles Supermarket and nearby Woolworths, ALDI, K-Mart & Ritchie’s IGA.
+ Future subdivision and development upside (STCA).
+ Surrounded by important social infrastructure, including 5 schools within 2km servicing a combined 1,053 full time students. (GapMaps)
+ Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.
+ Net Income: $200,376pa + GST (Fully Let Basis)

For Sale by Expressions of Interest
Closing 4pm (AEDT), Thursday 24 February 2022

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
1,253 SQM
Building Area
1,253 SQM

Contact Agents

Contact Me

Stay up to date with our latest portfolio auctions & insights