Trophy Freehold Between Coles and Woolworths on Hastings #1 Retail Strip

Burgess Rawson and Century 21 are pleased to offer to the market the NAB, Hastings VIC for sale via Investment Portfolio Auction 157.

The property has the following investment highlights:

+High profile 445sqm* Commercial 1 Zone site with important dual frontage and side pedestrian lane access.
+Trophy 402sqm* freehold building on main retail strip with direct exposure to 250+ council car parks at rear.
+Desirable retail position between Coles and Woolworths and nearby Kmart, ALDI and Ritchies IGA.
+NAB must convert building back to 5 individual tenancies at their cost.
+Leased to NAB, ASX listed giant with current $99.31 Billion market cap (as at 9 November).
+Fixed 3% annual rent increases assuring growth.
+NAB pay all usual outgoings including land tax as per lease.
+Hastings: commercial capital of Western Port, only 58km from Melbourne CBD.
+Net Income: $101,295 pa* plus GST (as at February 2023)

*Approx

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 7th December 2022
Crown Casino, Melbourne